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You are given the following information: Stockholders' equity as reported on the firms balance sheet = $2 billion, price/earnings ratio = 11 , common shares

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You are given the following information: Stockholders' equity as reported on the firms balance sheet = $2 billion, price/earnings ratio = 11 , common shares outstanding = 170 millen, and market/book ratio 2.5. The fien's manket value of total debt is $6 balimn, the firm has cash and equivalents totaling $320 milion, and the firm's ebtTon equals 51 kalion. What is the price of a share of the campany's comenon stock? Do not rouns intermediate caltalatians. Aound your anwer to the nearest cent, 5

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