An analyst gathered the following financial statement information about a company:

Preferred stock	$60 million
Common stocks and additionals paid in capital	$90 million
Retained earnings	$307 million
Total number of common shares outstanding	10 million
Tax rate	30%

The analyst also determined that the company uses the LIFO inventory method, but most companies in the industry use the FIFO method. The footnotes to the financial statements indicate that if the company had used the FIFO method, the inventory balance would have been $40 million higher than the amount reported on the company's most recent financial statements. The most appropriate book value per share to use in computing the company's price to book value ratio is:（）