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Time Remaining $20$ minutes $14$ seconds$00$:$20$:$14$

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$[$The following information applies to the questions displayed below.$]$

The equity sections for Atticus Group at the beginning of the year $($January $1)$ and end of the year $($December $31)$ follow.

Stockholders$$ Equity $($January $1)$

Common stock$$$$4$ par value, $100,000$ shares authorized, $30,000$ shares issued and outstanding $ $120,000$

Paid$-$in capital in excess of par value, common stock $80,000$

Retained earnings $360,000$

Total stockholders$$ equity $ $560,000$

Stockholders$$ Equity $($December $31)$

Common stock$$$$4$ par value, $100,000$ shares authorized, $35,000$ shares issued, $5,000$ shares in treasury $ $140,000$

Paid$-$in capital in excess of par value, common stock $130,000$

Retained earnings $($$$50,000$ restricted by treasury stock$)400,000$

$670,000$

Less cost of treasury stock $(50,000)$

Total stockholders$$ equity $ $620,000$

The following transactions and events affected its equity during the year.

January $5$ Declared a $$0\mathrm{.}50$ per share cash dividend, date of record January $10.$

March $20$ Purchased treasury stock for cash.

April $5$ Declared a $$0\mathrm{.}50$ per share cash dividend, date of record April $10.$

July $5$ Declared a $$0\mathrm{.}50$ per share cash dividend, date of record July $10.$

July $31$ Declared a $20\%$ stock dividend when the stock$$s market value was $$14$ per share.

August $14$ Issued the stock dividend that was declared on July $31.$

October $5$ Declared a $$0\mathrm{.}50$ per share cash dividend, date of record October $10.$

$4.$ What is the per share cost of the treasury stock purchased?

Note: Round your answer to $2$ decimal places.