Based on the corporate valuation model, the value of a companys operations is $900 million. Its balance sheet shows $30 million in short-term investments that are unrelated to operations, $110 million in notes payable, $90 million in long-term debt, $20 million in preferred stock, and $280 million in total common equity. If the company has 25 million shares of stock outstanding, what is the best estimate of the stocks price per share?

Group of answer choices

28.40

26.35

30.04

31.24