Walton Inc. has total assets worth an intrinsic value of $5 million. This is entirely funded by 100,000 shares of equity which is currently trading at a price of $40 per share. If the company repurchases 20,000 of these shares at a price of $45 per share, what will be the intrinsic value per share after the repurchase is completed?

a. $50.00

b. $40.00

c. $45.00

d. $47.75

e. $53.75

f. $51.25