Please calculate the following.

If a business's value of operations is $900 million after a recapitalization (The firm had no debt before the recap.) . The firm raised $300 million in new debt and used this to purchase back stock. The corporation had no short-term investments before or after the recap. After the recap, W_d = 1/3. The enterprise had 36 million shares before the recap. What is P (the stock price after the recap)? Please do not round intermediate calculations. Round answer to the nearest cent.