A company is projected to generate free cash flows of $314 million next year, growing at a 6% rate until the end of year 3. After that, cash flows are expected to grow at a stable rate of 2.2% in perpetuity. The company's cost of capital is 10.3%. The company owes $81 million to lenders and has $22 million in cash. If the company has 164 million shares outstanding, what is your estimate for its stock price? Round to one decimal place.