Financial Corporation wants to acquire Great Western Inc. Financial has estimated the enterprise value of Great Western at $110 million. The market value of Great Western’s long-term debt is $20 million, and cash balances in excess of the firm’s normal working capital requirements are $5 million. Financial estimates the present value of certain licenses that Great Western is not currently using to be $5 million. Great Western is the defendant in several outstanding lawsuits. Financial Corporation’s legal department estimates the potential future cost of this litigation to be $4 million, with an estimated present value of $3.0 million. Great Western has 4 million common shares outstanding. What is the value of Great Western per common share?