You are valuing a company that generated free cash flow of $10 millionlast year, which is expected to grow at a stable 3.0% rate in perpetuity thereafter. The company has no debt and $8 million in cash. The market risk premium is 8.4%, the risk-free rate is 2% and the firm's beta is 1.4. There are 50 million shares outstanding. How much is each share worth according to your valuation analysis?