A new startup business, Formosa Inc.'s December 31, 2012, balance sheet showed total common equity of $4,050,000 and 200,000 shares of stock outstanding. During 2013, the firm had $450,000 of net income, and it paid out $100,000 as dividends. What was the
book value per share at 12/31/13, assuming no common stock was either issued or retired during 2013?