A company has revenues of $24 million and depreciation and amortization expenses of $9 million. Operating margin is 42%, net margin is 7% and gross margin is 57%. It has $19 million of debt, $6 million in cash, and 11 million shares outstanding. Comparable companies are trading at an average EV/EBITDA multiple of 12. How much are this company's shares worth using relative valuation?