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Margaritaville Inc. is considering the purchase of Limes-R-Us Corp. The current free cash flow for Limes-R-Us is $71 million. The cash Hlows are expected to

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Margaritaville Inc. is considering the purchase of Limes-R-Us Corp. The current free cash flow for Limes-R-Us is $71 million. The cash Hlows are expected to grow at 7 percent for the next five years before leveling off to 4 percent for the indefinite future. The cost of capital for Margaritaville and Limes-R-Us is 11 percent and 9 percent, respectively. Limes-R-Us currently has 3 million shares of stock outstanding and $25 million in debt outstanding. What is the maximum price per share Margaritaville should pay for Limes-R-Us? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Price per share $

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