AFW Industries has 175 million shares outstanding and expects earnings at the end of this year of $686 million. AFW plans to pay out 61% of its earnings in total, paying 31% as a dividend and using 30% to repurchase shares. If AFW's earnings are expected to grow by 7.8% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.3%. The price per share will be $ (Round to the nearest cent.)