Use the following taken from Blix Companys December 31 year-end Financial Statements:

Preferred Dividends	$50,000
Net Income	$350,000
Cash Dividends to common stockholders	$100,000
January 1 Common Stockholders Equity	$3,000,000
December 31 Common Stockholders Equity	$4,000,000
Preferred Shares Outstanding	80,000
Common Shares Outstanding	150,000
Total Liabilities	$4,200,000
Total Assets	$10,000,000
Interest Expense	$20,000
Income before taxes and interest	$560,000

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