QUESTION 26 Based on the corporate valuation model, the total corporate value of Chen Lin Inc. is $900 million. Its balance sheet shows $110 million in notes payable, S90 million in long term debt, $20 million in preferred stock, 140 million in retained earnings, and $280 million in total common equity If the company has 25 million shares of stock outstanding, what is the best estimate of its stock price per share? O a. $22.03 b. $24.48 O c $27.20 O d. 529.92 O e. $32.91 QUESTION 27 Based on the corporate valuation model, Morgan Inc.'s total corporate value is $300 million The balance sheet shows $90 million of notes pavable, $30 million of long-term debt, $40 million of preferred stock and S100 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? 8. $12.00 O b.$12.64 4.513 30 8. $14.00 e $14.0