The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 10 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend). There are 30,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	141,000		Debt	$	291,000
Fixed assets		960,000		Equity		810,000
Total	$	1,101,000		Total	$	1,101,000

What will the ex-dividend price be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)