Michael's Boating Supplies Has 150,000 Shares of Stock Outstanding with a Par

Michael's Boating Supplies has 150,000 shares of stock outstanding with a par value of $1 per share and a market value of $10 a share. The company has retained earnings of $76,500 and capital in excess of par of $340,000. The company just announced a 1-for-5 reverse stock split. What will the market value per share be after the split?

A) $1.00
B) $5.00
C) $10.00
D) $25.00
E) $50.00