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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 37.5%.

Consider a company which had revenues of $28 million over the last twelve months. Depreciation and amortization expenses were $6 million. Operating margin was 37.5%. It has $35 million of debt, $7 million in cash, and 12 million shares outstanding. Comparable companies are trading at an average trailing EV/EBITDA multiple of 17. How much is each share worth using relative valuation? Round to one decimal place.

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