Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015:

Cash dividends for the year 2015 $ 10,000

Net income for the year ended 2015 83,000

Market price of stock, 12/31/14 10

Market price of stock, 12/31/15 12

Common stockholders equity, 12/31/14 1,600,000

Common stockholders equity, 12/31/15 1,785,600

Outstanding shares, 12/31/15 180,000

Preferred dividends for the year ended 2015 15,000

What is the book value per share for Layne Corporation for the year ended 2015?

a. $11.00

b. $9.92

c. $9.94

d. $8.89