Hastings Corporation is interested in acquiring Visscher Corporation. Assume that the risk-free rate of interest is 5%, and the market risk premium is 6%. Hastings estimates that if it acquires Visscher, the year-end dividend will remain at $1.65 a share, but synergies will enable the dividend to grow at a constant rate of 8% a year (instead of current 5%). Hastings also plans to increase the debt ratio of what would be its Visscher subsidiary; the effect of this would be to raise Visscher's beta to 1. What is the per-share value of Visscher to Hastings Corporation? Do not round intermediate calculations. Round your answer to the nearest cent. $