Orca Industries is considering the purchase of Shark Manufacturing. Shark is currently a supplier for Orca and the acquisition would allow Orca to better control its material supply. The current cash flow from assets for Shark is $$6\mathrm{.}8$ million. The cash flows are expected to grow at $11$ percent for the next five years before leveling off to $4$ percent for

the indefinite future. The costs of capital for Orca and Shark are $12$ percent and $10$ percent, respectively. Shark currently has $2\mathrm{.}3$ million shares of stock outstanding an $50$ million in debt outstanding. What is the maximum price per share Orca should pay for Shark? $($Do not round intermediate calculations and round your answer to $2$ decimal places$)$