With annual earnings of $20,713,000 every year, AbideTech was confident that this amount of profit could be sustained indefinitely if it simply maintained its current portfolio of assets and avoided any new projects. But AbideTech is approached by a data warehouse technology company with an opportunity for AbideTech to invest $29 million today; and $51 million one year from now in a new product that requires technical development and regulatory approval. The new investment will generate annual after-tax cash flow of $16 million in perpetuity starting three years from today. AbideTech has 14.0 million shares outstanding and the required rate of return on the stock is 11%. Required:
What is the price of one Ambient share (the share price stated as $ per share) if it continues "business as usual" and turns down the investment opportunity?