Challenging Financial managers at TechSavant want to IPO their private stock. They want to the stock issue to contain a firm commitment and no green shoe options. They are about to meet with their investment bank to discuss the final offer price. Managers know they will have successful negotiations over the offer price if their total flotation costs (as a percentage of capital raised) is only 18 percent. To get an appropriate price per share, they want to issue 139 million shares. TechSavant's managers were quoted a gross spread of $2 per share and the indirect and direct fees will be $420,000 and $908,000, respectively. Further, from their research, they believe the aftermarket price of their stock will be 8 percent higher than the offer price. What offer price should they negotiate in order to meet their goal of only paying 18 percent in flotation costs? (Enter your answer rounded to the nearest \$0.01)