Question: Panda Products is evaluating whether it should make an offer for Orman Industries. Panda estimates the value of Orman at $250 million. Orman has debt

Panda Products is evaluating whether it should make an offer for Orman Industries. Panda estimates the value of Orman at $250 million. Orman has debt of 25 million, preferred stock of $15 million, and outstanding common shares of 30 million. Based on this information, what is the value per common share?

A. $7.00

B. $7.50

C. $7.83

D. $8.33

E. None of the above

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