Zoom Enterprises expects that one year from now it will pay a total dividend of $4.7 million and repurchase $4.7 million worth of shares. It plans to spend $9.4 million on dividends and repurchases every year after thatforever, although it may not always be an even split between dividends and repurchases. IfZoom's equity cost of capital is 13.1% and it has 5.1 million sharesoutstanding, what is its share pricetoday?

The price per share is $

nothing

. (Round to the nearestcent.)