The market price of a company's stock is $5 per share with 50 million shares outstanding. The company decides to use its cash reserves to undertake a $10 million share buyback. Just prior to the buyback, the company reports total assets of $650 million and total liabilities of $450 million. The company's book value per share after the share buyback is closest to:

A.$3.96.

B.$4.17.

C.$3.80.