Acme Co.'s December 31, 2011, balance sheet showed total common equity of $1,350,000 and 500,000 shares of stock outstanding. During 2012, Acme had $250,000 of net income, and it paid out $150,000 as dividends. What was the book value per share at 12/31/12, assuming that Acme neither issued nor retired any common stock during 2012? O $2.50 $2.90 O $2.80 O $3.20 O $2.70