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Praxis Corp. ' s debt has a market value of $ 1 1 8 , 4 8 6 million, and Praxis Corp. has no preferred

Praxis Corp.'s debt has a market value of $118,486 million, and Praxis Corp. has no preferred stock. If Praxis Corp. has 600 million shares of common
stock outstanding, what is Praxis Corp.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two
decimal places.)
$72.41
$197.48
$64.83
$65.83
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