Question: 20. Using the Corporate Valuation Method, you have determined the market value of the firm LMK is $3.0 billion. LMK has debt and preferred with

20. Using the Corporate Valuation Method, you have determined the market value of the firm LMK is $3.0 billion. LMK has debt and preferred with a market value of $1.25 billion. If LMK has 50 million shares of stock, and you require a rate of return of 15%, then what is the value of the stock on a per share basis? (Omit $ sign and answer with 2 decimal places, X.XX)

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