The following data are provided:

	December 31,
	2018		2017
5% Cumulative preferred stock, $50 par	$106000		$106000
Common stock, $10 par	140000		95000
Additional paid-in capital	76000		66000
Retained earnings (includes current year net income)	254000		210000
Net income	50000

Additional information: On May 1, 2018, 5000 shares of common stock were issued. The preferred dividends were not declared during 2018. The market price of the common stock was $40 at December 31, 2018. The book value per share of common stock at 12/31/18 is calculated as (Which option below.):

a.	464700 14000.

b.	470000 14000.

c.	394000 14000.

d.	216000 14000.