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Morton Starley Investment Banking is working with the management of Kell Inc. in order to take the company public in an initial public offering. Selected information for the year just ended for Kell is as $10,000,000 Long-term debt (8% interest rate) Common Equity: Par value ($1 per share) Additional paid-in capital Retained earnings Total assets Net income Dividend (annual) 3,000,000 24,000,000 6,000,000 55,000,000 3,750,000 1,500,000 follows. If public companies in Kell's industry are trading at a market to book ratio of 1.5, what is the estimated value per share of Kell