Problem $3-9$ Market versus Book Values $($LO$2)$

The founder of Alchemy Products Incorporated discovered a way to turn gold into lead and patented this new technology. He then

formed a corporation and invested $$1,500,000$ in setting up a production plant. He believes that he could sell his patent for $$75$

million.

a$.$ What is the book value of the firm?

Note: Enter your answer in dollars not in millions.

b$.$ What is the market value of the firm?

Note: Enter your answer in dollars not in millions. corporation and invested $1,500,000$ dollars in setting up$.$ patent $\%75$ million.

c$.$ If there are $2$ million shares of stock in the new corporation, what is the book value per share?

Note: Round your answer to $2$ decimal places.

d$.$ If there are $2$ million shares of stock in the new corporation, what is the price per share?

Note: Round your answer to $2$ decimal places.