Portage Bay Enterprises has 54 million in excess cash, no debt, and is expected to have free cash flow of $9 million next year. Its FCF is then expected to grow at a rate of 3% per year forever. If Portage Bay's equity cost of capital is 13% and it has 8 million shares outstanding, what should be the price of Portege Bay stock? The price of Portage Bay's stock is $ per share. (Round to the nearest cont.)