The Holtzman Corporation has assets of $397,000, current liabilities of $87,000, and long-term liabilities of $72,000. There is $36,500 in preferred stock outstanding; 20,000 shares of common stock have been issued.

a. Compute book value (net worth) per share. (Round your answer to 2 decimal places.) b. If there is $25,900 in earnings available to common stockholders, and Holtzmans stock has a P/E of 16 times earnings per share, what is the current price of the stock?