Ostend Industries Has Total Assets of $85 Million, Total Debt

Ostend Industries has total assets of $85 million, total debt of $58.6 million, and $4.8 million of 5% preferred stock outstanding. If the company has 500,000 shares of common stock outstanding, its book value per share would be

A) $32.33.
B) $33.60.
C) $43.20.
D) $52.80.