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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

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 $7.2 million. The cash flows are expected
to grow at 6 percent for the next five years before leveling off to 3 percent for the indefinite future. The cost of capital for Orca and
Shark is 10 percent and 8 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?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
Price per share
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