The capital structure of a firm consists of 13,795,710 common shares and 919,660 warrants. Each warrant gives its owner the right to purchase one (1) common share at an exercise price of $17.46 per share. The current stock price is $23.11 per share, and each warrant is worth $7.18 per warrant. What will be the new stock price if all warrant holders decide to exercise their rights today?

1) 22.63

2) 23.21

3) 23.79

4) 24.37

5) 24.95