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(Market value analysis) The balange sheet for Lacty Undenwood Molors thows a book value ot stocikholders' equly fook value per shacex total shares cuktanding) of

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(Market value analysis) The balange sheet for Lacty Undenwood Molors thows a book value ot stocikholders' equly fook value per shacex total shares cuktanding) of 51,383 , ooo. Furthermore. the fermis income statement for the year just ended hos a net income of 5568,000 , which is $0.324 per share of common stock outstanding. The price-eamings ratio for firmb simiar to Underwood Molors is 21.72 a. What pnce would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwoods thares? a. What price would you wexect Underwood Motors shares to sell for? The maret plice per share is 1 (Round to the nearent cent)

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