Consider a company that is forecasted to generate free cash flows of $26 million next year and $30 million the year after. After that, cash flows are projected to grow at a stable rate of 1.6% in perpetuity. The company's cost of capital is 10.6%. The company has $39 million in debt, $15 million of cash, and 15 million shares outstanding. How much is each share worth? Round to one decimal place.