The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity $($book value per sharetimesxtotal shares outstanding$)$ of $$1,363,000.$ Furthermore, the firm's income statement for th year just ended hass a net income of $$595,000,$ which is $$0\mathrm{.}330$ per share of common stock outstanding. The price$-$earnings ratio for firms similar to Underwood Motors is $20\mathrm{.}89.$

a$.$ What price would you expect Underwood Motors shares to sell for?

b$.$ What is the book value per share for Underwood's shares?