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Consider a company which had revenues of $28 million over the last twelve months. Depreciation and amortization expenses were $6 million. Operating margin was 31.2%.

Consider a company which had revenues of $28 million over the last twelve months. Depreciation and amortization expenses were $6 million. Operating margin was 31.2%. It has $23 million of debt, $7 million in cash, and 11 million shares outstanding. Comparable companies are trading at an average trailing EV/EBITDA multiple of 15. How much is each share worth using relative valuation? Round to one decimal place.

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