Consider a company that is forecasted to generate free cash flows of $27 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 9.9%. The company has $31 million in debt, $13 million of cash, and 23 million shares outstanding. How much is each share worth? Round to one decimal place.