You are valuing a company with free cash flows expected to grow at a stable 1.5% rate in perpetuity. Analysts are forecasting free cash flows of $50 million for next year (FCFF1). The company has $40 million of debt and $5 million of cash. Cost of capital is 14.0%. There are 10 million shares outstanding. How much is each share worth according to your valuation? Round to one decimal place.