Use the following information to construct a before and after summary of common equity accounts, and determine if Borg goes ahead with the new stock issue, what will be the change in book value per share? The Borg Security Systems is considering the sale of 12,000 shares of stock to finance development of a new security product. The firm has 40,000 shares of common stock outstanding, par value of $1.00 per share. The firm has $60,000 in additional paid-in capital and $80,000 in retained earnings. Borg's investment bankers estimate that new shares will bring in $5.15 per share.