Dexter Corporation Has Total Paid-In Capital of $180,000 and Retained

Dexter Corporation has total paid-in capital of $180,000 and retained earnings of $130,000. It has 4,000 shares of $20 preferred stock outstanding with no dividends in arrears and 11,000 shares of $30 par value common stock outstanding. The book value of each share of common stock is: (Round your answer to the nearest cent.)

A) $20.91.
B) $2.09.
C) $28.18.
D) $20.67.