A company just reported the following results for its most recent fiscal year: Total revenues: $$457$ million, operating profit margin:

$43\%,$ tax rate: $20\%,$ reinvestment rate: $65\%.$ It has $$100$ million debt and $$30$ million cash. Number of shares outstanding is $50$

million. You forecast that the company's FCFF will grow $6\%$ per year over the next $2$ years, and at a stable $2\mathrm{.}7\%$ rate in perpetuity

thereafter. You estimate that the company's cost of capital is $11\%.$ How much would you be willing to pay for each share? Round to

the nearest cent.