In recent years Constable Inc. has suffered losses, and its stock currently sells for only $0.50 per share. Management wants to use a reverse split to get the price up to a more "reasonable" level, which it thinks is $40 per share. How many of the old shares must be given up for one new share to achieve the $40 price, assuming this transaction has no effect on total market value? Select the correct answer.

a. 80.00

b. 78.00

c. 76.00

d. 82.00

e. 74.00