Required information Skip to question Markus Companys common stock sold for $5.75 per share at the end of this year. The average number of common shares outstanding during the year is 172,000. The company also paid a common stock dividend of $0.69 per share this year.

It also provided the following data excerpts from this years financial statements:

Cash $ 51,000 $ 46,000

Accounts receivable $ 98,000 $ 70,000

Inventory $ 77,800 $ 98,000

Total current assets $ 226,800 $ 214,000

Current liabilities $ 90,000 $ 96,000

Total liabilities $ 218,000 $ 196,200

Common shareholders equity $ 172,000 $ 172,000

Total shareholders equity $ 650,000 $ 760,000

Total liabilities and common shareholders equity $ 868,000 $ 956,200

This Year Sales (all on account) $ 1,160,000

Cost of goods sold $ 672,800

Gross margin $ 487,200

Operating income $ 352,750

Interest expense $ 17,000

Net income $ 235,025

What is the book value per share at the end of this year? (Round your answer to 2 decimal places.)