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When It Was First Established, Lichter Inc

Question 75

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When it was first established, Lichter Inc. issued 123,000 shares at a price of $5.60 per share. Four years later, an additional 32,000 shares were issued for $8.62 per share. During the current year, a further 81,000 shares were issued for $10.15 per share. One of the investors in the Company acquired 1,350 shares of the first group of shares issued, and an additional 4,230 shares from the most recent issue. Determine the adjusted cost base per share, as well as the total PUC of this investor's shares.

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