XYZ Corporation has total assets of $100 million which is financed with 30% debt and 70% equity. Number of shares outstanding is 10 million. The cost of debt capital is 9% before tax and the cost of equity is 12%. The companys sales last year was $120 million and net profit margin is 12% and the tax rate of the company is 20%. The company is in no growth stage. The value per share using the residual income model is