Conway Inc. has 125 million shares, trading at $8/share, no debt and a cost of equity of 9%. You believe that if the company is able to borrow $400 million and buy back shares, the cost of capital will drop to 8%. If there is no growth in the savings (from a lower cost of capital) and the shares are bought back at $10/share, estimate the value per share for the remaining shares after the buyback.