Red Stapler Company Has a Balance Sheet Which Lists $85

Red Stapler Company has a balance sheet which lists $85 million in assets, $40 million in liabilities, and $45 million in common shareholders' equity. It has 1,400,000 common shares outstanding. The replacement cost of the assets is $115 million. The market share price is $90. What is Red Stapler's book value per share?

A) $1.68
B) $2.60
C) $32.14
D) $60.71
E) None of the options are correct.