Kiser Mfg$.$ is considering a rights offer. The company has determined that the ex$-$rights price will be $$89.$ The current price is $$95$ per share, and there are $25$ million shares outstanding. The rights offer would raise a total of $$40$ million. What is the subscription price? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$