Consider a company that is forecasted to generate free cash flows of $24 million next year and $31 million the year after. After that, cash flows are projected to grow at a stable rate of 2.6% in perpetuity. The companys cost of capital is 9.5%. The company has $45 million in debt, $18 million of cash, and 27 million shares outstanding. How much is each share worth? Around to one decimal place.