The following partial information is taken from the comparative balance sheet of Levi Corporation:

Shareholders equity 12/31/2016 12/31/2015 Common stock, $5 par value; 33 million shares authorized; 28 million shares issued and 23 million shares outstanding at 12/31/2016; and ____million shares issued and ____shares outstanding at 12/31/2015. $140 million $115 million Additional paid-in capital on common stock 520 million 403 million Retained earnings 195 million 157 million Treasury common stock, at cost, 5 million shares at 12/31/2016 and 2 million shares at 12/31/2015 (79 million) (46 million) Total shareholders equity

$776 million

$629 million

What was the average price of the additional treasury shares purchased by Levi during 2016? (Round your answer to 2 decimal places.)

$11.00 per share. $15.80 per share. $23.00 per share.

None of these answer choices is correct.