$($Market value analysis$)$ The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity $($book value per share $$ total shares outstanding$)$ of

$$1,375,000.$ Furthermore, the firm's income statement for the year just ended has a net income of $$543,000,$ which is $$0\mathrm{.}272$ per share of common stock outstanding.

The price$-$earnings ratio for firms similar to Underwood Motors is $19\mathrm{.}17.$

a$.$ What price would you expect Underwood Motors shares to sell for?

b$.$ What is the book value per share for Underwood's shares?

a$.$ What price would you expect Underwood Motors shares to sell for?

The market price per share is $$.($Round to the nearest cent.$)$