Burton Inc. has two classes of stock, 5% $100 par cumulative Preferred Shares and $4 par Common Shares. The equity section shows: Common stock, $4 par value, 1,000,000 shares authorized and issued.............$620,000 Paid in capital in excess of par value........ .....$265,000 At what average price was the common shares issued? Respond rounded to TWO DECIMALS, without a dollar sign and without commas