Bidding firm (Firm B) has 5213 shares outstanding that are currently selling at $48 per share. Target firm (Firm T) has 1821 shares outstanding that are currently selling at $19 per share. Assume that both firms have no debt outstanding. Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $8818.

If firm T is willing to be acquired for $21 per share in cash, what will be the price per share of the merged firm? (Round answer to 2 decimal places. Do not round intermediate calculations)