Grimes Corp.'s Free Cash Flow for next year is expected to be $867, and it is expected to grow at a rate of 5% every year afterward. From the firm's most recent financial statements: cash of $311, short-term investments of $103, and debt of $1,005. The firm has 800 shares outstanding, and a WACC of 11%. The estimated price of the stock per share should be $________.

Margin of error for correct responses: +/- $.10.

Rounding and Formatting instructions: Do not enter dollar signs or commas in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is $12.34567, you should enter 12.35).