Tyne Corporation wants to use a reverse split to get its stock price up to a more reasonable level, which it thinks should be $18. Its current stock price is $1.50. How many of the old shares must be given up for one new share to achieve the $18 price, assuming this transaction has no effect on total market value?

a. 27

b. .833

c. 12

d. 16.5

e. none of above