Westlake Industries has total assets of $42.5 million, total debt of $29.3 million, and $2.4 million of 6% preferred stock outstanding. If the company has 250,000 shares of common stock outstanding, its book value per share would be

Select one:

A.

$43.20.

B.

$33.60.

C.

$52.80.

D.

$32.33.