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Based on the corporate valuation model, the value of a company's operations is $ 2 5 0 million. The company's balance sheet shows: $ 4

Based on the corporate valuation model, the value of a company's operations is $250 million. The company's balance sheet shows:
$40 million in accounts
receivable,
$30 million in inventory,
and
$80 million in short-term investments that are unrelated to
operations.
The balance sheet also
shows:
$20 million in acrunts
payable,
$40 million in notes payable,
$70 million in long-term
debt,
$10 million in preferred
stock,
$70 million in retained earnings,
and
$60 million in total common
equity.
If the company has 5 million shares of stock outstanding, what is the best estimate of the stock's price per share?
$63.00
$20.58
$42.00
$29.40
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