Hoyt Corp.'s current balance sheet reports the following equity:

5% cumulative preferred stock, par value %100 per share; 2.500 shares issued and outstanding $250,000

Common stock, par value $3.50 per share; 100,000 shares issued and outstanding $350,000

Additional paid-in capital in excess of par value of common stock $125,000

Retained earnings $300,000

Accumulated other comprehensive income $100,000

Dividends in arrears on the preferred stock amount to $25,000. If Hoyt were to be liquidated, the preferred shareholders would receive par value plus a premium of $50,000.

The book value per share of common stock is?