The Saw Mill has shares of stock outstanding with a par value of $1 per share and a market-to-book ratio of 2.1. The balance sheet shows $5,000 in the common stock account, $58,000 in the capital in excess of par account, and $32,500 in the retained earnings account. The firm just announced a stock dividend of 50 percent. What is the book value of the common stock account after the dividend?

Group of answer choices

$9,000

$5,000

$7,500

$10,000

$8,500