J.P. Morgan Chase has large stakes in both commercial and investment banking. In the most recent fiscal year, the firm paid $1.36 in dividends per share, resulting in a dividend payout ratio of 65.38%. If we assume that the firm will maintain its return on equity from the most recent year of 11.16% in perpetuity. Assuming a beta of 0.80 for the firm, a risk-free rate of 4.5% and risk premium of 4%, what's the value of equity per share at J.P. Morgan