Netmax Corporation is a private corporation and as such has no public price for its stock. It has 250,000 shares of stock outstanding and its recent net earnings were $875,000. It competes against four public traded companies. The share price and earnings per share for each of these competing companies are as follows:

Share Price EPS

Competitor #1 $37.50 $2.50

Competitor #2 $44.00 $2.75

Competitor #3 $69.70 $4.10

Competitor #4 $54.90 $3.05

You have concluded that Netmax's stock would trade at the average P/E multiple of its competitors. What would be the company's share price? (go to 2 decimals)