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An analyst has estimated Moldor Corp.s value of operations to be $715.96 million. The companys most recent consolidated balance sheet is provided below. All amounts

An analyst has estimated Moldor Corp.s value of operations to be $715.96 million. The companys most recent consolidated balance sheet is provided below. All amounts are in millions of dollars. The long-term investments have a current market value of $7.50 million.

Assets:

Cash and cash equivalents

276

Marketable securities

44

Inventories

376

Accounts receivable

258

Deferred taxes

22

Total current assets

976

Fixed assets, net

103

Investments

3

Intangibles

118

Total assets

1,200

Liabilities and shareholders equity:

Accounts payable

388

Notes payable

97

Accrued expenses and others

141

Total current liabilities

626

Long-term debt

69

Post-employment obligations

23

Deferred revenue

62

Total stockholders equity

420

Total liabilities and stockholders equity

1,200

Question: Moldor has 20 million shares outstanding and its long-term debt currently has a market value of $89.45 million. What is the companys price per share? Report your answer to two decimal places.

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