Hunter Manufacturing Inc.'s December 31,2012,balance sheet showed total common equity of $2,050,000 and 100,000 shares of stock outstanding.During 2013,Hunter had $250,000 of net income,and it paid out $100,000 as dividends.What was the book value per share at 12/31/13,assuming that Hunter neither issued nor retired any common stock during 2013?

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$\begin{array}{lr}
12 / 31 / 2012 \text { common equity } & \$ 2,050,000 \
2013 \text { net income } & \$ 250,000 \
2013 \text { dividends } & \$ 100,000 \
2013 \text { addition to retained earnings } & \$ 150,000 \
12 / 31 / 2013 \text { common equity } & \$ 2,200,000 \
\text { Shares outstanding } & 100,000
\end{array}$
$ 12 / 31 / 2013 $ BVPS                                                  $ \$ 22,00 $