Booker is evaluating Rockets by using the FCFF valuation approach. Booker has colected the following information rency dollars) Rockets has a net income of $288 million, depreciation of $96 million, capital expenditures of 5171 mon and increase in working capital of 544 million Rockets win france 40 percent of the increase in net feed assets capital expenditures less depreciation and 40 percento the increase in working capital with debt financing Interest expenses are $130 million. The current market value of Pharmet's outstanding debt is $1.548 million . FCFF is expected to grow at 6 percent indefinitely The tax rate is 35 percent. Rockets is financed with 36 percent debt and the rest for equity. The before-tax cost of debt is 9 percent, and the before cost of equity is 14 percent Rockets has 10 million outstanding shares, Your task is to estimate the value of the equity per share. Write your answer in decimal form and round it to two decimal places