Bookmud is a media and publishing company located in California. It has 18 million shares outstanding, with a share price of $24 and earnings per share of $1.9. To extend its business to Texas, Bookmud is considering acquiring Dailyprint. Dailyprint has 3.6 million shares outstanding, with a share price of $12 and earnings per share of $1.52. Bookmud will pay for Dailyprint by issuing new shares. Bookmud does not expect this transaction to bring synergies. Suppose Bookmud uses the exchange ratio such that, at current pre-announcement share prices for both firms, the offer represents a 20% premium to buy Dailyprint. Immediately after the announcement of this transaction, the price per share of Dailyprint will be closest to O $5.66 O $14.14 O $14.40 O $22.00