A company reports the following account balances at year-end: Account Balance Long-term debt $200,000 Cash 50,000 Net sales 600,000 Fixed assets (net) 320,000 Tax expense 67,500 Inventory 25,000 Common Stock 100,000 Interest expense 20,000 Administrative expense 35,000 Retained earnings 150,000 Accounts payable 65,000 Accounts receivable 120,000 Cost of goods sold 400,000 Depreciation expense 10,000 Additional Information: The opening balance of common stock was $100,000 The opening balance of retained earnings was $82,500 The company had 10,000 common shares outstanding all year No dividends were paid during the year At year-end, the company has a book value per share, to the nearest cent, of

a. $10.00

b. $15.00

c. $21.63

d. $25.00