Basic Industrials is considering the purchase of Complex Manufacturing. Complex is currently a supplier for Basic, and the acquisition would allow Basic to better control its material supply. The current cash flow from assets for Complex is $7.6 million. The cash flows are expected to grow at 5 percent for the next five years before leveling off to 2 percent for the indefinite future. The cost of capital for Basic and Complex is 9 percent and 7 percent, respectively. Complex currently has 3 million shares of stock outstanding and $25 million in debt outstanding. What is the maximum price per share Basic should pay for Complex? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.18.) Basic Industrials is considering the purchase of Complex Manufacturing. Complex is currently a supplier for Basic, and the acquisition would allow Basic to better control its material supply. The current cash flow from assets for Complex is $7.6 million. The cash flows are expected to grow at 5 percent for the next five years before leveling off to 2 percent for the indefinite future. The cost of capital for Basic and Complex is 9 percent and 7 percent, respectively. Complex currently has 3 million shares of stock outstanding and $25 million in debt outstanding. What is the maximum price per share Basic should pay for Complex? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.18.)