Beam Company currently has 100,000 shares of common stock outstanding and a price-earnings ratio of seven. Net income for the recently ended year is $375,000. Beam's board of directors declared a 15-for-2 stock split. Sunshine owned 100 shares of Beam before the split. What is the approximate value of Sunshine's investment in Beam immediately after the split?
a. $ 26
b. $ 350
Please show me how you get your answer.