The founder of Alchemy Products, Inc., discovered a way to turn lead into gold and patented this new technology. He then formed a corporation and invested $1,200,000 in setting up a production plant. He believes that he could sell his patent for $48 million. a. What are the book value and market value of the firm? (Enter your answers in dollars not in millions.) Book value$ Market value$ b. If there are 2 million shares of stock in the new corporation, what would be the price per share and the book value per share? (Round your answers to 2 decimal places.) Price per share$ Book value per share$
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