Based on the free cash flow valuation model, Bizzaro Co.'s value of operations is $300 million. The balance sheet shows $28 million of short-term investments that are unrelated to operations, $50 million of accounts payable, $90 million of notes payable, $30 million of long-term debt, $40 million of preferred stock, and $100 million of common equity. Bizzaro has 10 million shares of stock outstanding. What is the best estimate of the stock's price per share?

$13.72 $16.00 $15.20 $14.44 $16.80