Smart Ideas, Inc. has been underperforming its industry peers for quite some time. You are attempting to determine the value of control and have the following information available: Smart Ideas, Inc.: Dividend Payout Ratio = 40% Beta = 1.00 Growth Rate = 5.00% Peer Group: Dividend Payout Ratio = 50% Beta = 1.30 Growth Rate = 8.00% Smart Ideas, Inc. generated $3.00 of earnings per share in the current year. The T-bill rate of return is 4.00% and the market rate of return is 10.00%. What is the per share value of Smart Ideas, Inc.'s stock without managerial control? Select one: A. $12.69 per share B. $25.20 per share C. $31.50 per share D. $41.15 per share E. None of the above