Question: Based on the corporate valuation model, General Mills has a total corporate value of $1,200 million. The company's balance sheet shows $150 million of notes

Based on the corporate valuation model, General Mills has a total

Based on the corporate valuation model, General Mills has a total corporate value of $1,200 million. The company's balance sheet shows $150 million of notes payable, $350 million of long-term debt, $100 million or preferred stock, $680 million of retained earnings, and $900 million of total common equity. If the company has 18.68 million shares of stock outstanding, what is the best estimate of its value per share? a. $21.90 b. $24.33 C. 527.50 d. 529.44 e. 532.12

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