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Enchanted Gardens is a private company owned by two brothers, Harry and Larry. The company has 1 0 0 , 0 0 0 shares outstanding,

Enchanted Gardens is a private company owned by two brothers, Harry and Larry. The company has 100,000 shares outstanding, which are equally divided between the bothers. A venture capitalist has offered to pay $2 million for a 52% stake in the company. In the deal, Harry will exit the company by selling his shares to the venture capitalist and the company will issue some additional shares. What share price is implied by the deal? (Enter your answer as a number rounded to two decimal places.)

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