Men's Place Has 21,000 Shares of Stock Outstanding with a Par

Men's Place has 21,000 shares of stock outstanding with a par value of $1 per share and a market value of $27.18 per share.The balance sheet shows $21,000 in the common stock account,$187,600 in the capital in excess of par value account,and $218,200 in the retained earnings account.The firm just announced a large stock dividend of 35 percent.What is the market value per share after the dividend?

A) $27.18
B) $20.13
C) $20.25
D) $19.50
E) $19.67