Milne Mfg$.$ is considering a rights offer. The company has determined that the ex$-$rights price would be $$95.$ The current price is $$102$

per share, and there are $24$ million shares outstanding. The rights offer would raise a total of $$60$ million.

What is the subscription price? $($Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$