Apple and Microsoft have identical assets and resulting cash flows in the future. Apple has only equity, with $1$ million shares outstanding that trade for a price of $$23$ per share. Microsoft has $$8\mathrm{.}36$ million in debt at an interest rate of $5\%$ and has $2\mathrm{.}2$ million shares outstanding.

Use M&M Proposition I & $2$ to find the stock price $($per share$)$ for Microsoft.

Input your answer as a dollar amount and round to the nearest cent.