Question: 3. Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $950 million. Its balance sheet shows $210 million in

Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $950 million. Its balance sheet shows $210 million in notes payable, $170 million in long-term debt, $40 million in preferred stock. $140 million in retained earnings, and $280 million in total common equity. If the company has 30 million shares of stock outstanding, what is the best estimate of its stock price per share? a. $24.67 b. $13.00 O c. $19.00 d. 51733 e. $17.67

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