Venice Surf Co. expects to generate free cash flows (in $ millions) over the next three years of $532, $680, and $727. In addition, the terminal value of all free cash flows expected to be generated after Year 3 is $39,738. The company's nonoperating assets equal $318 and its nonoperating liabilities equal $3,212. There are 320 million shares outstanding. Estimate the value of each share of common stock using the free cash flow data provided, and assuming a discount rate of 12%. Present your answer to two decimal places (e.g., $20.00).