The balance sheet for Larry Underwood Motors shows a book value of$$ stockholders' equity$($book value per sharetimestotal shares$$ outstanding$)$ of $ $1,367,000.$ Furthermore, the$$ firm's income statement for the year just ended has a net income of $ $525,000,$ which is $ $0\mathrm{.}251$ per share of common stock outstanding. The$$ 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?