Fried Foods Recently Liquidated Its Fast-Food Division

Fried Foods recently liquidated its fast-food division.That unit represented 30 percent of the firm's overall market value.Prior to the liquidation, the firm's stock was selling for $46 a share, the annual dividend was steady at $1.20 per share, and there were 18,000 shares outstanding.The firm is preparing to distribute the entire liquidation proceeds to shareholders.How much should shareholders expect to receive per share from this liquidating dividend? Ignore taxes.

A) $14.24
B) $13.30
C) $14.10
D) $13.10
E) $13.80