A Company Had the Following Stockholders' Equity on January 1

A company had the following stockholders' equity on January 1:
$\begin{array}{|l|r|}\hline\begin{array}{l}\text { Common stock - \$1 par value; 1,200,000 shares authorized, 400,000 } \\\text { shares issued and outstanding }\end{array} & \$ 400,000 \\\hline \text { Contributed capital in excess of par value, common stock } & 300,000 \\\hline \text { Retained earnings } & \$ 64,000 \\\hline \text { Total stockholders' equity } & \$ 1.064,000 \\\hline\end{array}$ On January 10, the company declared a 40% stock dividend to holders of record on January 25, to be distributed January 31. The market value of the stock on January 10 prior to the dividend was $20 per share. What is the book value per common share on February 1?