The Mining Co

The Mining Co. has 20,000 shares of stock outstanding. The current market value of the firm is $328,000. The company has retained earnings of $27,000, capital in excess of par value of $160,000, and a common stock account value of $20,000. The company is planning a 2-for-5 reverse stock split. What will the par value per share be after the split?

A) $0.15
B) $0.20
C) $1.00
D) $2.50
E) $5.00