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Problem 3.9 Market versus Book Values (LO2) The founder of Alchemy Products Incorporated discovered a way to turn gold into lead and patented this new

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Problem 3.9 Market versus Book Values (LO2) The founder of Alchemy Products Incorporated discovered a way to turn gold into lead and patented this new technology. He then formed a corporation and invested $600,000 in setting up a production plant. He believes that he could sell his patent for $25 million. a. What is the book value of the firm? (Enter your answer in dollars not in millions.) b. What is the market value of the firm? (Enter your answer in dollars not in millions.) c. If there.are 2 million shares of stock in the new corporation, whot is the book value per share? (Round your answer to 2 decimal places.) d. If there are 2 million shares of stock in the new corporation, whot is the price per share? (Round your answer to 2 decimal places.)

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