You calculate that a large company has an enterprise value of $2 billion and total liabilities, including debt, of $500 million. The company purchases a competitor for $800 million. The company borrows the money to buy the company so debt increases by $800 million. If there are 100 million shares outstanding. What is the fair share price of the company, after the acquisition? a) $11 b) $15 I c) $28 d) $32