In your preliminary analysis of Venice Surf Co. you have estimated the present value of its future free cash flows to be $20,000. The company has nonoperating assets of $2,805 and nonoperating liabilities of $9,636, and there are 385 of common stock outstanding. You have just completed a valuation seminar and learned that your valuation of free cash flows using only expected year-end cash flows may be flawed. Thus, your estimate of the present value of the future free cash flows must be adjusted to account for cash flows occurring evenly throughout each year rather than only at year-end. Estimate the value of each share of common stock using the free cash flow information above, adjusted to account for cash flows occurring evenly throughout each year, using a discount rate of 8%. Present your answer to two decimal places (e.g., $20.00).