Heather Valley Company has the following amounts in the Stockholders Equity category of the balance sheet at December 31, 2016:

Preferred Stock, $100 par, 8%, noncumulative (liquidation value of $120 per share) $100,000

Paid-In CapitalPreferred 60,000

Common Stock, $5 par 450,000

Paid-In CapitalCommon 50,000

Retained Earnings 225,000

REQUIRED: Determine the book value per share of the Heather Valley Company stock.