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Blossoms income statement from the fiscal year that ended this past December is: Revenue $1095 Cost of goods sold $717 Gross profit $378 Selling, general, & administrative expenses 149 Operating profit (EBIT) $229 Interest expense 53 Earnings before taxes $176 Taxes 70 Net income $106 All dollar values are in millions. Depreciation and amortization expenses last year were $46 million, and the company has $586 million of debt outstanding. You are an analyst at a firm that buys private companies, improves their operating performance, and sells them for a profit. Your boss has asked you to estimate the fair market value of the Blossom Machine Tool Company. Billys Tools is a public company with business operations that are virtually identical to those at Blossom. The most recent income statement for Billys Tools is as follows: Revenue $ 1940 Cost of goods sold 1285 Gross profit $ 655 Selling, general, & administrative expenses 232 Operating profit (EBIT) $ 423 Interest expense 13 Earnings before taxes $ 410 Taxes 162 Net income $ 248 All dollar values are in millions. Billys had depreciation and amortization expenses of $78 million last year and had 220 million shares and $660 million of debt outstanding as of the end of the year. Its stock is currently trading at $13.50 per share. What is the per share value of Blossom's stock assuming 220 million shares are outstanding. (Rond answer to 2 decimal places, e.g. 15.25.

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