Company B value of operations is $1 billion based on the free cash flow valuation model. Its balance sheet shows $25 million of short-term investments that are unrelated to operations, $60 million of accounts payable, $450 million of notes payable, $400 million of long-term debt, $250 million of common stock (par plus paid-in-capital), and $350 million of retained earnings. With 25 million shares outstanding, what is the best estimate for the price of Bean Counter common stock?

$4.60

$7.00

$21.00

$28.60