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Tecumseh Inc. is analyzing the possible merger with Devonshire Inc. Savings from the merger are estimated to be a one-time after-tax benefit of $174 million.

Tecumseh Inc. is analyzing the possible merger with Devonshire Inc. Savings from the merger are estimated to be a one-time after-tax benefit of $174 million. Devonshire Inc. has 5.8 million shares outstanding at a current market price of $88 per share.

What is the maximum cash price per share that could be paid for Devonshire Inc.? (Omit $ sign in your response.)

Maximum cash price per share $

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