(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 $1,316,000. Furthermore, the firm's income statement for the year just ended has a net income of $545,000, which is $0.280 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 18.67 . a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares