The shareholders' equity section of VERMILLION Corporation's statement of financial position at December 31 is presented here. VERMILLION CORPORATION Statement of Financial Position (partial) Shareholders' equity Contributed capital $610,000 $5 Preferred shares, cumulative, 10,000 authorized 6,100 shares issued Common shares, 750,000 authorized, 555,900 shares issued 1,834,470 92,000 Contributed surplus Total contributed capital 2,536,470 Retained earnings 1,068,000 Total shareholders' equity $3,604,470 From your review of the shareholders' equity section above, answer the following questions. (a) What is the average cost of the common shares? (Round the answer to 2 decimal places, e.g. 2.50.) Average Cost $ per share