The market value balance sheet for Briggs Manufacturing is shown here. The company has declared a 25 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 25,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	173,000		Debt	$	393,000
Fixed assets		1,170,000		Equity		950,000
Total	$	1,343,000		Total	$	1,343,000

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