Consider a company that is forecasted to generate free cash flows of $28 million next year and $26 million the year after. After that, cash flows are projected to grow at a stable rate in perpetuity. The company's cost of capital is 6.9%. The company has $49 million in debt, $11 million of cash, and 24 million shares outstanding. Using an exit multiple for the company's free cash flows (EV/FCFF) of 16, how much is each share worth? Round to one decimal place.