The market value balance sheet for Tidwell Manufacturing is shown here. Tidwell 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 27,000 shares of stock outstanding.

Market Value Balance Sheet

Cash	$115,000		Debt	$226,300
Fixed assets	870,000		Equity	758,700
Total	$985,000		Total	$985,000

Required:

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