The Regina Wheat Company (RWC) has wheat fields that currently produce annual profits of $750,000. These fields are expected to produce average annual profits of $750,000 in real terms, forever. RWC has no depreciable assets, so the annual cash flow is also $750,000. RWC is an all-equity firm with 320,000 shares outstanding. The appropriate discount rate for its stock is 15 percent. RWC has an investment opportunity with a gross PV of $2.5 million. The investment requires a $1.8 million outflow now. RWC has no other investment opportunities. Assume all cash flows are received at the end of each year. What is the price per share of RWC?