In April 2007, Sandi Sold 1,600 Shares of Federal Express

In April 2007, Sandi sold 1,600 shares of Federal Express at $105.00 per share. In May 2009, the stock reached a low during the Great Recession and was selling for $32.00 per share. Sandi used the proceeds from the 2007 sales and repurchased Federal Express at $32.00 per share in May 2009. What is the value of Sandi's stock holdings in Federal Express if the shares are selling for $91.00 today?

A) $168,000
B) $51,200
C) $477,750
D) $239,000
E) None of these