AFW industries has 208 million shares outstanding and expects earnings at the of this year of $661 million. AFW plans to pay out 56% of its earnings in total, paying 38% as a dividend and using 18% to repurchase shares. If AFW's earnings are expected to grow by 8.8% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of captial of 11.2%.

The price per share will $_____________ (round to the nearest cent.)