Consider a company that is forecasted to generate free cash flows of $23 million next year and $30 million the year after. After that, cash flows are projected to grow at a stable rate of 1.9% in perpetuity. The company's cost of capital is 7.7%. The company has $53 million in debt, $19 million of cash, and 16 million shares outstanding. How much is each share worth? Round to one decimal place.