of $$15\mathrm{.}00$ per share. Delta Technology has $19$ million shares outstanding, as well as debt of $$49\mathrm{.}50$ million.

a$.$ According to MM Proposition I, what is the stock price for Delta Technology?

a$.$ According to MM Proposition I, what is the stock price for Delta Technology?

According to MM Proposition I, the stock price per share for Delta Technology is $$.($Round to the nearest cent.$)$