Sunray Solar Ltd is a growing company with a hot new marketing plan. On January 1, 2017, it had 127,650 shares outstanding and they issued an additional 44,500 shares during the year. The company reported $3,222,850 in common shareholders’ equity in its annual report for 2017. The market value per share trading on the East-West Stock Exchange was $32.50 on February 1, 2018. Calculate the book value per share for 2017 and explain the difference between the book value per share and the market value per share.