Zoom Enterprises expects that one year from now it will pay a total dividend of $ $5\mathrm{.}5$ million and repurchase $ $5\mathrm{.}5$ million worth of shares. It plans to spend $ $11\mathrm{.}0$ million on dividends and repurchases every year after that$$ forever, although it may not always be an even split between dividends and repurchases. If$$ Zoom's equity cost of capital is $13\mathrm{.}3\%$ and it has $4\mathrm{.}6$ million shares$$ outstanding, what is its share price$$ today?

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Part $1$

The price per share is $$$

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enter your response here. $($Round to the nearest$$ cent.$)$