Franco's Fancy Factories, Inc. has 48,000,000 shares of common stock authorized, but only has 12,000,000 share outstanding. Each share has a par value of $1.00. The company has $72,000,000 in additional paid-in-capital and retained earnings of $60,000,000. What is the total stockholder equity for this company?

Select one:

a. $ 48,000,000

b. $ 72,000,000

c. $132,000,000

d. $144,000,000

e. $120,000,000