Check My Work Hunter Manufacturing Inc.'s December 31, 2011, balance sheet showed total common equity of $2,050,000 and 125,000 shares of stock outstanding. During 2012, Hunter had $250,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/12, assuming that Hunter neither issued nor retired any common stock during 2012? Select the correct answer. a. $19.50 b. $15.70 c. $21.40 d. $13.80 e. $17.60