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The value of Broadway-Brooks Inc.'s operations is $889 million, based on the corporate valuation model. Its balance sheet shows $70 million in accounts receivable, $40

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The value of Broadway-Brooks Inc.'s operations is $889 million, based on the corporate valuation model. Its balance sheet shows $70 million in accounts receivable, $40 million in inventory, $40 million in short-term investments that are unrelated to operations, $20 million in accounts payable, $150 million in notes payable, $90 million in long-term debt, \$25 million in preferred stock, $150 million in retained earnings, and $300 million in total common equity. If the company has 18 million shares of stock outstanding, what is the best estimate of the stock's price per share? (Round your answer to 2 decimal places.)

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