Boston Entertainment is currently an all equity firm. Its current cost of equity is 11.6 percent and the tax rate is 25 percent. The firm has 2,200,000 shares of stock outstanding with a market price of $47 a share. The firm is considering capital restructuring that allows $38 million of debt with a coupon rate of 6.2 percent. The debt will be sold at par value and the proceeds will be used to repurchase shares. What is the value per share after the recapitalization? (Hint: You need to determine the total value of equity after recapitalization that accounts for the PV of interest tax shield and the number of shares outstanding after repurchased)