A company has revenues of $48 million and depreciation and amortization expenses of $9 million. Operating margin is 21%, net margin is 8% and gross margin is 60%. It has $26 million of debt, $6 million in cash, and 12 million shares outstanding. Comparable companies are trading at an average EV/EBITDA multiple of 18. How much are this company's shares worth using relative valuation? Round to one decimal place.