The resulting book value per share will be the closest to $27.
In accounting, an asset's book value is its value as determined by the balance in its balance sheet account. Asset values are determined by deducting any depreciation, amortisation, or impairment expenses from the asset's initial cost. The total assets of a corporation, less intangible assets and liabilities, are often considered to be its book value[clarification needed]. The inclusion of goodwill, intangible assets, or both may vary depending on the methodology used to calculate book value in practise. It is never taken into account how valuable a company's employees are as part of its intellectual capital. The statistic is sometimes defined as "tangible book value" when intangible assets and goodwill are specifically omitted. In the UK, the phrase "net asset value" can also refer to a company's book value.
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