Consider a company that is forecasted to generate free cash flows of $29 million next year and $28 million the year after. After that, cash flows are projected to grow at a stable rate of 2.5% in perpetuity. The company's cost of capital is 12.7%. The company has $40 million in debt, $16 million of cash, and 21 million shares outstanding. How much is each share worth? Round to one decimal place.