Consider a company that is forecasted to generate free cash flows of $26 million next year and $27 million the year after. After that, cash flows are projected to grow at a stable rate of 2.9% in perpetuity. The company's cost of capital is 8.3%. The company has $49 million in debt, $17 million of cash, and 17 million shares outstanding. How much is each share worth? Round to one decimal place.