Question 12, P4-21 (simi... 3 Homework: 2-1 MyFinanceLab Assignment HW Score: 81.33%, 40.67 of 50 points O Points: 0 of 4 Save Part 1 of 2 (Market value analysis) The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share x total shares outstanding) of $1,366,000. Furthermore, the firm's incom statement for the year just ended has a net income of $563 000, which is $0.313 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 21.02. a. What price would you expect Underwonki Motors shares to sell for? b. What is the book value pershare 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.)