Mahomes Company has a current period cash flow of $1.3 million and pays no dividends. The present value of the companys future cash flows is $12 million. The company is entirely financed with equity and has 660,000 shares outstanding. Assume the dividend tax rate is zero.

a.	What is the share price of the company's stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)