Consider a company thats projected to generate revenues of $196 million next year with an operating margin of 62%. The companys tax rate is expected to be 20% and it is projected to have a reinvestment rate of 37%. After that, the company is expected to start growing its free cash flows at a stable rate of 1.8% in perpetuity (terminal phase starts after year 1). The company's cost of capital is 14.8%. It has $48 million of debt and $10 million in cash. There are 8 million shares outstanding. How much is each share worth based on these projections? Round to one decimal place.