Smith Cleaning Services Has 20,000 Shares of Stock Outstanding at a Market

Smith Cleaning Services has 20,000 shares of stock outstanding at a market price of $8 a share. What will the market price per share be if the company does a 1-for-3 reverse stock split?

A) $2.67
B) $4.00
C) $12.00
D) $18.33
E) $24.00