Stock Price after Recapitalization

Lee Manufacturing's value of operations is equal to $$900$ million after a recapitalization. $($The firm had no debt before the recap.$)$ Lee raised $$300$ million in new debt and used this to buy back stock. Lee had no short$-$term investments before or after the recap. After the recap, wd $=\frac{1}{3}.$ The firm had $22$ million shares before the recap. What is $P($the stock price after the recap$)?$ Do not round intermediate calculations. Round your answer to the nearest cent.

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