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The founder of Alchemy Products, Inc, discovered a way to tum lead into gold and patented this new technology. He then formed a corporation and

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The founder of Alchemy Products, Inc, discovered a way to tum lead into gold and patented this new technology. He then formed a corporation and invested $200,000 in setting up a production plant. Ho can sell his patent for $50 million a. What are the book value and market value of the firm? (Enter your answers in dollars not in millions.) Book value Market value b. If there are 2 million shares of stock in the new corporation, what would be the price per share and the book value per share? (Round your answers to 2 decimal places.) Price per share Book value per share Hints References eBook & Resources

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