Riverton, Inc. declares a small stock dividend of 8.0% of the outstanding shares of common stock. Currently, Riverton, Inc. has 1,650,000 shares of $1 par value common stock outstanding. The current market price of the stock is $121.28 per share. Riverton Partners will record a stock dividend in the amount of:

Select one:

a. $200,112,000

b. $16,008,960

c. None of these are correct.

d. $132,000

e. $12,807,168