Mens Place has 15,000 shares of stock outstanding with a par value of $1 per share and a market value of $19.50 per share. The balance sheet shows $15,000 in the common stock account, $218,000 in the capital in excess of par value account, and $312,500 in the retained earnings account. The firm just announced a 50 percent (large) stock dividend. What is the market value per share after the dividend?