The Following Data Apply to Garber Industries,Inc $\$ 1,000$

The following data apply to Garber Industries,Inc.(GII) : Value of operations               $\$ 1,000$
Short-term investments             $\$ 100$
Debt                         $\$ 300$
Number of shares                 $100$
The company plans on distributing $50 million as dividend payments.What will the intrinsic per share stock price be immediately after the distribution?

A) $6.32
B) $6.65
C) $7.00
D) $7.35
E) $7.72