3. Based on the corporate valuation model, Gray Entertainment's total corporate value is $1,055 million. The companys balance sheet shows $140 million of notes payable, $200 million of long-term debt, $55 million of preferred stock, $180 million of retained earnings, and $800 million of total common equity. If the company has 30 million shares of stock outstanding, what is the best estimate of its price per share?