A company is projected to generate free cash flows of $325 million next year, growing at a rate of 6% until the end of year 3. After that, cash flows are expected to grow at a stable rate of 2.3% in perpetuity. The company's cost of capital is 10.0%. It owes $85 million to lenders and has $20 million in cash. If the company has 175 million shares outstanding, what is your estimate for its stock price? Round to one decimal place.