Abby, Inc., is an all-equity firm with assets worth $35 billion and 20 billion shares outstanding. Abby plans to borrow $12 billion and use these funds to repurchase shares. The firm's corporate tax rate is 35%, and Abby plans to keep its outstanding debt equal to $12 billion permanently. What is the lowest price Abby can offer and have shareholders tender their shares? Round your answer to two decimal places