You are working on the valuation for an upcoming lPO. The company that wants to sell its stock expects the following future free cash flows (FCF, in millions of dollars):
-6 in year 1, 7 in year 2, 17 in year 3, and cash flows are expected to grow steadily at 5.3% after year 3.
The discount rate for this company is 11.0%, and it plans to sell 7 million shares.
What should be the price per share? Enter your answer in terms of dollars, rounded to cents (maximum of 2 decimals), and without the dollar sign.