Answer:
$32.67
Explanation:
The net asset value can be calculated using the following equation:
[tex]\text{net asset value = }\frac{Total\text{ Assets - Total Liabilities}}{Number\text{ of outstanding shares}}[/tex]So, replacing the values, we get:
[tex]\begin{gathered} \text{net asset value = }\frac{55,000,000-6,000,000}{1,500,000} \\ \text{net asset value = }\frac{49,000,000}{1,500,000}=\text{ \$32.67} \end{gathered}[/tex]Therefore, the net asset value is $32.67
