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2. Taegu Inc.'s December 31, 2017, balance sheet showed total common equity of $4,050,000 and 200,000 shares of stock outstanding. During 2018, the firm had

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2. Taegu Inc.'s December 31, 2017, balance sheet showed total common equity of $4,050,000 and 200,000 shares of stock outstanding. During 2018, the firm had $450,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/18, assuming no common stock was either issued or retired during 2018? Show steps (9 points): Answer (1 point)

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