Brian Briggs, a perpetual inventor, patented a new optical printing device for printing dollar bills (in anticipation of the expected increase in inflation). To exploit the business potential of his invention, Mr. Briggs set up a firm, CBB Inc., in which he invested $300,000 of his savings. He reckoned that, if the venture would not pan out, he could sell his patent for $27 million and recoup at least some of his investment.

1. What is the book value of CBB, Inc.?
2. What is the market value of the company?
3. If there are 2 million shares in the new firm, what is the price per share?