Reference no: EM131948521

The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars. 2015 2016 Revenue $ 4,800 $ 4,900 Cost of goods sold 1,900 2,000 Depreciation 410 430 Inventories 250 310 Administrative expenses 530 580 Interest expense 300 300 Federal and state taxes* 470 490 Accounts payable 250 300 Accounts receivable 400 475 Net fixed assets† 5,400 6,260 Long-term debt 2,500 2,800 Notes payable 850 540 Dividends paid 500 500 Cash and marketable securities 860 400 * Taxes are paid in their entirety in the year that the tax obligation is incurred. † Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2016 is $6,505 and that the value of its long-term debt is only $2,600. In addition, the consensus among investors is that Fincorp’s past investments in developing the skills of its employees are worth $2,700. This investment of course does not show up on the balance sheet. What will be the price per share of Fincorp stock? (Assume 527,000 shares of stock outstanding.) (Round your answer to 2 decimal places.)