Sue's Bakery is planning on merging with Ted's Deli. Sue's will pay Ted's shareholders the current value of their stock in shares of Sue's Bakery. Sue's currently has 6,500 shares of stock outstanding at a market price of $18 a share. Ted's has 2,300 shares outstanding at a price of $26 a share. Assuming that these prices are set in an efficient market and are fair, how many shares of Sues stock must be offered for one share of Teds?

a. 0.6923

b. 1.4444

c. 1.3462

d. 1.0000

e. 0.7429