Problem $8-10$ after that. Use the following information to calculate the value of the equity on a per$-$share basis.

a$.$ Assume that the company currently has $$300$ million of net PP&E$.$

b$.$ The company currently has $$100$ million of net working capital.

c$.$ The company has operating margins of $11$ percent and has an effective tax rate of $28$ percent.

d$.$ The company has a weighted average cost of capital of $9$ percent. This is based on a capital structure of two$-$thirds equity and one$-$third debt.

e$.$ The firm has $1$ million shares outstanding.

Do not round intermediate calculations. Round your answer to the nearest cent.