The following data are provided for Croatia Corp.’s past two fiscal years:

                                                                                         Dec 31, 2024           Dec 31, 2023

Cumulative preferred shares, $5, no par value,

4,000 shares outstanding                                                 $200,000                   $200,000

Common shares, no par, 24,000 shares outstanding 400,000                       310,000

Retained earnings (post closing)                                      480,000                       430,000

Net income  180,000

Additional information:

On May 1, 2024, 6,000 common shares were issued. Although dividends had been declared regularly up to December 31, 2023, preferred dividends were NOT declared during 2024. The market price of the common shares was $100 at December 31, 2024.

What is the book value per common share at December 31, 2024?