A Corporation plans to issue equity to raise $84,016,159 to finance a new investment. After making the investment, the firmexpects to earn free cash flows of $14,005,289 each year. The firmcurrently has 5,246,286 shares outstanding, and it has no other assets or opportunities. Suppose the appropriate discount rate for the firmfuture free cash flows is 7.75%, and the only capital market imperfections are corporate taxes and financial distress costs.

What is thefirm's share price today?

NOTE:Submit your answers with 4decimals after thedot.