Alfred Sautin wants to invest in Dieciring, Inc. a private company. Based on earning multiples of similar publicly traded forms, Alfred estimates the value of the private company stock to be $19 per share. he plans to acquire a majority of the shares in the company. The expected control premium is 11 percent. He estimated the marketability discount for such a firm to be 14 percent. The discount for the key person, one of the founders who ay leave the firm upon Alfred's control of the firm, is 16%. What price should he be willing to pay for these shares?