AFW Industries has 200 million shares outstanding and expects earnings at the end of this year of $700 million. AFW plans to pay out 60% of its earnings in total, paying 40% as a dividend and using 20% to repurchase shares. If AFW's earnings are expected to grow by 8.0% per year and these payout rates remain constant, determine AFWs share price assuming an equity cost of capital of 12.0%. The price per share will be $. (Round to the nearest cent.)