Townsend Corporation declared a 1-for-1 stock split to all common stock shareholders of record on December 31, 20X3. Townsend reported current E&P of $440,000 and accumulated E&P of $1,040,000. The total fair market value of the stock distributed was $540,000. Regina Williams owned 1,400 shares of Townsend common stock with a tax basis of $240 per share ($336,000 total). The fair market value of the common stock was $340 per share on December 31, 20X3. What is Regina's income tax basis per share in the new and existing common stock she owns in Townsend, assuming the distribution is tax-free?