The capital structure of a firm consists of 13,272,270 common shares and 884,780 warrants.Each warrant gives its owner the right to purchase one (1) common share at an exercise price of $16.92 per share. The current stock price is $22.55 per share, and each warrant is worth $6.96 per warrant.What will be the new stock price if all warrant holders decide to exercise their rights today?

$22.07

$22.63

$23.20

$23.76

$24.33