You have estimated the present value of all future free cash flows of Venice Surf Co. to be $300 million. The company has nonoperating assets of $100 million and nonoperating liabilities of $257 million, and there are 9 million shares of common stock outstanding. You have just completed a valuation seminar and learned that your valuation of free cash flows using only expected year-end cash flows may be flawed. Thus, your estimate of the present value of the future free cash flows should be adjusted to account for cash flows occurring evenly throughout each year rather than only at year-end. Estimate the value of each share of common stock using the free cash flow information above, adjusted to account for cash flows occurring evenly throughout each year (use the mid-year estimation method), and based on a WACC of 9\%. Present your answer to two decimal places, e.g., $23.45