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The market value balance sheet for Briggs Manufacturing is shown here. The company has declared...

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The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 20 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 21,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 142,000 Debt Fixed assets 780,000 Equity $222,700 699,300 Total $922,000 Total $922,000 What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Ex-dividend price

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