Assume a company provided the following information: Net income $ 60,000 Number of common shares outstanding, beginning of the year 45,000 Number of common shares outstanding, end of the year 55,000 Market price per share $ 15 Dividends per share $ 0.50 Total assets, end of the year $ 200,000 Total liabilities, end of the year $ 78,000 The book value per share at the end of the year is closest to: