Fabric Outlet Has 17,500 Shares of Stock Outstanding with a Par

Fabric Outlet has 17,500 shares of stock outstanding with a par value of $1 per share.The current market value of the firm is $1,280,000.The balance sheet shows a balance of $142,000 in the capital in excess of par value account and retained earnings of $234,000.The company just announced a 5-for-3 stock split.What will be the market price per share after the split?

A) $35.11
B) $43.89
C) $51.08
D) $121.90
E) $108.17