The founder of Alchemy Products Inc. discovered a way to turngold into lead and patented this new technology. He then formed acorporation and invested $1,500,000 in setting up a productionplant. He believes that he could sell his patent for $72million.
a.What is the book value of the firm? (Enter your answer indollars not in millions.)
b. What is the market value of the firm?(Enter your answer in dollars not inmillions.)
c. Ifthere are two million shares of stock in the new corporation, whatwould be the book value per share? (Round your answer to 2decimal places.)
d. Ifthere are two million shares of stock in the new corporation, whatwould be the price per share? (Round your answer to 2decimal places.)
