The board of directors of TSU Industries is asking you to estimate the value per share of common stock. Currently, comparable firms have a P/E ratio of 9.7. In other words, the market is willing to pay $9.7 per each dollar in earnings. The firm has 29.230 common shares outstanding and just reported $824,426 in Net income (it has no preferred equity). Based on P/E multiples, What would be the market value per share of common stock? Enter your answer in the box below and round to the nearest penny