Gamms Industries has net income of 53,100,000, and it has 1,685,000 shares of common stock outstonding. The company's stock currently trades at s30 a share. Gamma is considering a plan in which it will use available cesh to repurchase 30% of its shares in the open merket ot the current 530 stock price. The repurchace is expected to have no effect on net income or the company's P/E ratio. What will be its atock price foliowing the stock repurchase? Do not reund intermediate calculations, Round your onswer to the nearest cent