A firm that operates in chemical sector decides to go public in Borsa stanbul. Operating profit of this firm is 322 000 000 TL and depreciation and amortization is 16 000 000 TL.

Short term Financial Debt: 52 000 000 TL, Long Term Financial Debt: 16 000 000 TL

Short Term Payables: 10 000 000 TL, Long Term Payables: 0,

Cash and Cash Equivalents: 17 000 000 TL, Share capital : 140 000 000 TL.

If the average of EV/EBITDA multiple of comparable firms in chemical sector is 9, estimate the value per share for initial public offering according to the average EV/EBITDA.