Sandstone Company Has the Following Stockholders' Equity Section: Common Stock,500,000

Sandstone Company has the following stockholders' equity section: Common Stock,500,000 shares authorized:
$$\begin{array} { l c } { 40,000 \text { shares issued and chtstanding } } & \$ 700,000 \\\text { Additional Paid-in Capital } & 4,900,000 \\\text { Retained Earnings } & 7,300,000 \\\text { Total Stockholders' Equity } & \$ 12,900,000\end{array}$$ What is the book value per share for the Sandstone Company?

A) $1.40
B) $1.75
C) $25.80
D) $32.25
E) $14.00