Answer:
Book Value Per Share = 22.55
Step-by-step explanation:
given data
equity = $118,139,000
net income next year = $3,000,000
to find out
what would their Book Value be next year
solution
we know that Book Value Per Share formula that is express as
Book Value Per Share = (Share Holder Equity+ Net Income) ÷ No of Shares ..................1
we consider here book value is $22
So no of share will be =

No of shares =

No of shares = 5369954.545
so from equation 1 put here value
Book Value Per Share =

Book Value Per Share = 22.55