Lex Corp debt has a market value of $232,055 million, and lex crop has no preferred stock. If lex corp. has 450 million shares of commons stock outstanding,
Required:
What is lex corp.'s estimated intrinsic value per share of common stock? Show your all workings and formulas.
A. 189.08
B. 515.68
C. 171.89
D. 170.89