The Market Value Balance Sheet for Inbox Manufacturing Is Shown $$\text { Market Value Balance Sheet }$$

The market value balance sheet for Inbox Manufacturing is shown here.Inbox has declared a 15 percent stock dividend.The stock goes ex-dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend) .There are 13,000 shares outstanding.What is the ex-dividend stock price? $$\text { Market Value Balance Sheet }$$

A) $23.51
B) $25.15
C) $25.51
D) $26.86
E) $28.92