Innovative Technologies has 46,000 shares of stock outstanding at a market price of $6 a share. Which one of the following stock splits should the firm declare if it wants to increase the stock price to exactly $16 a share? Ignore any taxes or market imperfections.

a) 5-for-2 stock split

b) 3-for-1 stock split

c) 1-for-3-reverse stock split

d) 2-for-5 reverse stock split

e) 3-for-8 reverse stock split