The total value of your company was just calculated as $700 million. The balance sheet shows $110 million in notes payable, $90 million in long-term debt, $20 million in preferred stock, $140 million in retained earnings, and $280 million in total common equity. If the company has 250 million shares of stock outstanding, what is the best estimate of its stock price per share?

	a.	$7.98
	b.	$1.92
	c.	$11.54
	d.	$11.20
	e.	$2.64