Use the following information to answer this question.

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales	$	10,150
Cost of goods sold		8000
Depreciation		375
Earnings before interest and taxes	$	1775
Interest paid		102
Taxable income	$	1673
Taxes		502
Net income	$	1171

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
		2016			2017				2016			2017
Cash	$	290		$	310		Accounts payable	$	1600		$	1892
Accounts rec.		1130			1030		Long-term debt		1080			1268
Inventory		1800			1670		Common stock		3380			3040
Total	$	3220		$	3010		Retained earnings		660			910
Net fixed assets		3500			4100
Total assets	$	6720		$	7110		Total liab. & equity	$	6720		$	7110

Windswept, Inc., has 560 million shares of stock outstanding. Its priceearnings ratio for 2017 is 12. What is the market price per share of stock?

• A. $25.09
• B. $14.14
• C. $19.50
• D. $38.04
• E. $20.91