Based on the corporate valuation model,Morgan Inc.'s total corporate value is $300 million.The balance sheet shows $90 million of notes payable,$30 million of long-term debt,$40 million of preferred stock,and $100 million of common equity.The company has 10 million shares of stock outstanding.What is the best estimate of the stock's price per share?
A)$12.00
B)$12.64
C)$13.30
D)$14.00
E)$14.70

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The Answer of Based on the corporate valuation model,Morgan Inc.'s total corporate value is $300 million.The balance sheet shows $90 million of notes payable,$30 million of long-term debt,$40 million of preferred stock,and $100 million of common equity.The company has 10 million shares of stock outstanding.What is the best estimate of the stock's price per share?
A)$12.00
B)$12.64
C)$13.30
D)$14.00
E)$14.70

Based on the Corporate Valuation Model,Morgan Inc