Based on the Corporate Valuation Model,Morgan Inc

Based on the corporate valuation model,Morgan Inc.'s total corporate value is $325 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) $15.02
B) $15.84
C) $14.85
D) $16.50
E) $12.54