A Company Had the Following Stockholders' Equity on January 1

A company had the following stockholders' equity on January 1:
$\begin{array}{|l|c|}\hline \text { Common Stock - \$1 par value; \( 1,000,000 \) shares authorized, }\\\text { 350,000 shares issued and outstanding}& \$ 350,000 \\\hline \text { Paid-in capital in excess of par value, common stock } & 700,000 \\\hline \text { Retained earnings } & 364,000 \\\hline\text { Total stockholders' equity }&\$1,414,000\\\hline\end{array}$
On January 10,the company declared a 40% stock dividend to stockholders of record on January 25,to be distributed January 31.The market value of the stock on January 10 prior to the dividend was $20 per share.What is the book value per common share on February 1?