ABC Company purchased land for the purpose of mining a natural resource. ABC will restore the land to its' original condition once all mining is complete. It is estimated that the recoverable reserves will be 5,000,000 tons. The cost of the land was $6,400,000, the estimated restoration costs are $1,400,000, and that the land will have a value of $202,000 after the land is restored to its original condition. If ABC does not inventory the extracted material, what should be the depletion expense per ton of extracted material? Round you answer to 2 decimal places.