The shares of Casas Corp trade for $15 today. Assume the company is fairly valued at this current price. The company has announced that it intends to repurchase 13.5% of its outstanding shares on an open market repurchase. Assume that the company is able to repurchase shares at a price of $15.75. There are 240 million shares outstanding prior to the repurchase. Assume that the company is all equity financed. What will the stock price be after the repurchase? Round your answer to 2 decimal places. That is, if your answer is $3.2459, write 3.25.