Use the following taken from Blix Company's December 31 year-end Financial Statements:

PreferredDividends $50,000

NetIncome $350,000

CashDividends to common stockholders $100,000

January1 Common Stockholders' Equity $3,000,000

December31 Common Stockholders' Equity $4,000,000

PreferredShares Outstanding

80,000

CommonShares Outstanding

150,000

TotalLiabilities

$4,200,000

TotalAssets

$10,000,000

InterestExpense

$20,000

Incomebefore taxes and interest

$560,000

Based on 12/31 amounts, what is the Book Value per Share?

Select one:

a.$26.67

b.$20.00

c.$23.33

d.$40.00

e.$66.67