The balance sheet for Cheyenne Corp. shows the following: total paid-in capital and retained earnings $850,000, total stockholders' equity $802,000, common stock issued 50,000 shares, and common stock outstanding 40,000 shares.

Compute the book value per share. (No preferred stock is outstanding.)(Round answer to 2 decimal places, e.g. 15.25.)

Book value per share

$