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Consider a company which had revenues of $20 million over the last twelve months. Depreciation and amortization expenses were $9 million. Operating margin was 30.9%.

Consider a company which had revenues of $20 million over the last twelve months. Depreciation and amortization expenses were $9 million. Operating margin was 30.9%. It has $31 million of debt, $6 million in cash, and 5 million shares outstanding. Comparable companies are trading at an average trailing EV/EBITDA multiple of 10. How much is each share worth using relative valuation? Round to one decimal place.

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