Hothouse Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $61. The current price is $68 per share, and there are 10 million shares outstanding. The rights offer would raise a total of $60 million. What is the subscription price? (Do not round the intermediate calculations. Round the answer to 2 decimal places. Omit $ sign in your response.)

Subscription price $ ?