Final answer:
The total stockholders' equity prior to the lease agreement is $13.8 million. The calculation is based on the accounting equation where Stockholders' Equity equals Assets minus Liabilities. The price per share for Babble, Inc. would depend on the present value of the expected future profits.
Step-by-step explanation:
To calculate the total stockholders' equity before the lease agreement, we need to use the accounting equation: Assets = Liabilities + Stockholders' Equity. Given the total assets are $30.7 million and the total liabilities are $16.9 million, we can deduce that Stockholders' Equity = Assets - Liabilities = $30.7 million - $16.9 million = $13.8 million. Therefore, the total stockholders' equity prior to the lease agreement is $13.8 million.
For the second part of the question pertaining to Babble, Inc., since the question is incomplete, we can provide an example scenario. An investor will consider the present value of future profits when determining what to pay for a share of stock. If profits are as mentioned ($15 million immediately, $20 million in one year, and $25 million in two years) and we assume an interest rate (which has not been provided in this question), we can calculate the present value for each time period separately and divide it by the number of shares to find the price per share.