A company is projected to generate free cash flows of $629 million per year for the next 3 years (FCFF1, FCFF2 and FCFF3). Thereafter, the cash flows are expected to grow at a 2.8% rate in perpetuity. The company's cost of capital is 7.7%. The company owes $186 million to lenders and has $56 million in cash. If it has 193 million shares outstanding, what is your estimate for its stock price? Round to one decimal place.