Portage Bay Enterprises has $4 milion in excess cash, no debt, and is expected to have free cash fow of $11 million next year. Its FCF is then expected to grow at a rase of 2% per year fareve. If Portage Bary's equity cost of capital is 9% and it has 7 milion shares outstanding. What should be the price of Portage Bay stock? The price of Portage Bay's stock is s per share. (Round to the nearest cent)