Velcraft Company has 20,000,000 shares of common stock authorized, but to date, has only 12,000,000 shares outstanding, each with a $1.00 par value. The company has $24,000,000 in additional paid-in capital and retained earnings are $96,000,000. What is Velcraft's current book value per share? [CH-7] a. $1.00 b. $3.00 c. $11.00 d. $6.60 e. $9.00 Select one: a b c d e