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 $5$ percent for the next five years before leveling off to $2$ percent for

the indefinite future. The costs of capital for Orca and Shark are $9$ percent and $7$ percent,

respectively. Shark currently has $3$ million shares of stock outstanding and $$25$ 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, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.