In 2016, Toni Purchased 100 Shares of Common Stock in Blue

In 2016, Toni purchased 100 shares of common stock in Blue Corporation for $5,280. In 2017, Blue declared a stock dividend of one share of its common stock for each 10 shares held. In 2018, Blue's common stock split 2- for- 1 at a time when the FMV was $80 a share. What is Toni's basis in each of her shares of the Blue Corporation stock if both of the earlier stock dividends were tax- free?

A) $80 per share
B) $48 for 110 shares and $0 for all additional shares
C) $52.80 for 100 shares and $0 for all additional shares
D) $24 per share