Swatch, Inc. is thinking of acquiring Timex, Inc., and Swatch is attempting to determine the highest price per share it should be willing to pay for Timex. It expects Timex’s FCF will equal $100 million next year (t = 1), $150 million the year after (t = 2), and then grow at 3% a year forever. Timex’s WACC is 16%. While Timex has $20 million in cash on hand now, all of this cash is required for the firm's operations. Timex also has $900 million in debt and 13 million outstanding shares. Based on this information, how much should Swatch, Inc. be willing to pay per share for Timex, Inc.? Write your answers in dollars, rounding to one digit after the decimal point.