Based on the corporate valuation model, the value of ABC Companys operations is $1,357 million. The company's balance sheet shows $80 million in accounts receivable, $60 million in inventory, and $100 million in short-term investments that are unrelated to operations. The balance sheet also shows $90 million in accounts payable, $120 million in notes payable, $338 million in long-term debt, $53 million in preferred stock, $180 million in retained earnings, and $800 million in total common equity.

If ABC Company has 39 million shares of common shares outstanding, what is the best estimate of the stock price per share? Round your answer to two decimal places of dollar, but ignore dollar and million in your answer, e.g., xx.xx. (Hint: Refer to numerical examples in Corporate Valuation Model.)