You are trying to value equity per share in Simran Holdings, a steel company with a 20% holding in Selvan Stores (accounted for as a minority holding) and a 60% holding of Hamron Toys (fully...

You are trying to value equity per share in Simran Holdings, a steel company with a 20% holding in Selvan Stores (accounted for as a minority holding) and a 60% holding of Hamron Toys (fully consolidated). You are given the following valuations for operating assets and net debt in each company.

Simran Consolidated:

Value of Operating Assets = $10,000

Net Debt = $5,000

Selvan Stores:

Value of Operating Assets = $5,000

Net Debt = $-

Hamron Toys:

Value of Operating Assets = $6,000

Net Debt = $2,000

If Simran has 200 million shares outstanding, estimate the value per share.

A. $22

B. $25

C. $30

D. $38

E. $72