ABC company. has no debt but have capital of 29 million shares outstanding and another 3.6 million in warrant convertible to shares. shares current trade at $46/share, and the warrant trade at $10/warrant. The. warrant can be exercised at $38 (each warrant holder can pay $38 and obtain a newly issued liddell share.

The company value show as below:

market value of stock 1,334,000,000

market value of warrants 36,000,000

------

company value $1,370,000

assume all 3.6 million warrants are exercised. what will be the new Value per share of ABC company.