Question: Based on the corporate valuation model, Morgan Inc. ' s total corporate value is $ 3 2 5 million. The balance sheet shows $ 9

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?

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