Brown Fashions Inc.'s December 31,2017 balance sheet showed total common equity of $4,050,000 and 195,000 shares of stock outstanding.During 2018,the firm had $450,000 of net income,and it paid out $100,000 as dividends.What was the book value per share at 12/31/18,assuming no common stock was either issued or retired during 2018? (Round your final answer to two decimal places. )

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The Answer of Brown Fashions Inc.'s December 31,2017 balance sheet showed total common equity of $4,050,000 and 195,000 shares of stock outstanding.During 2018,the firm had $450,000 of net income,and it paid out $100,000 as dividends.What was the book value per share at 12/31/18,assuming no common stock was either issued or retired during 2018? (Round your final answer to two decimal places. )