A company is projected to generate free cash flows of $786 million per year for the next 3 years (FCFF1, FCFF2 and FCFF3). Thereafter, the cash flows are expected to grow at a 1.6% rate in perpetuity. The company's cost of capital is 11.6%. The company owes $107 million to lenders and has $87 million in cash. If it has 154 million shares outstanding, what is your estimate for its stock price? Round to one decimal place.