Pop's Market Has 12,000 Shares of Stock Outstanding with a Par

Pop's Market has 12,000 shares of stock outstanding with a par value of $1 per share and a market value of $8 a share. The company just announced a 3-for-7 reverse stock split. What will the market value per share be after the split?

A) $3.43
B) $5.00
C) $6.14
D) $12.87
E) $18.67