ACME Transmission Inc. has a debt-to-value ratio of 0.6. What is the debt-to-equity ratio for ACME? Round your answer to one decimal place Debt-to-equity ratio ACME Transmission Inc. is a tier 1 auto parts supplier. Analysts expected ACME to generate free cash flow of $2 billion in one year. Assume that cash flows occur on December 31 and today is January 1. Analysts expect the cash flows to grow at 2.5% in perpetuity. ACME has 56.4516 billion of debt, which is equal to 20% of its value and it is committed to maintaining that ratio in perpetuity. The required return of shareholders is 10% and the required return of lenders is 5%. The tax rate is 30%. There are 2 billion shares outstanding. What is the fair price for ACME's shares? Round your answer to the nearest cent