A company's owners' equity accounts are shown below: Common stock (82 par value) Capital surplus Retained earnings Total owners' equity $ 60,000 250,000 610,000 $920,000 If the company's stock currently sells for $60 per share and a 1-for-5 reverse stock split is declared, what will the stock price be after the reverse stock split occurs? Ignore any tax effects and market imperfections. Enter your answer in the box shown below with 2 digits to the right of the decimal point