Ten years ago, Wildhorse Ltd$.$ issued $516,800$ shares, which are still outstanding, for a total value of $$2\mathrm{.}95$ million. The board of

directors for Wildhorse Ltd$.$ has become concerned with the dramatic drop in the market price of the shares to $$0\mathrm{.}30$ per share. The

company is at risk of being delisted if the share price drops below $$0\mathrm{.}25$ per share.

$($b$)$

Your answer is incorrect.

What is the average issue price per share after your recommendation in part $($a$)?($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

The average issue price per share $