A corporation has $1,200,000 in cash on its balance sheet that could be used to pay a special dividend of $5 per share. One of the financial managers of the corporation says that a repurchase of shares using that $1,200,000 would be a better idea because the corporation's investors would save $384,000 in taxes for that tax year (as compared to the special dividend). The manager assumes the dividend tax rate is 40% and the capital gains tax rate is 20%. The manager also assumes that the investors who would sell shares the corporation repurchases bought their shares at an average price of $30 per share. What must be the price of the corporation's stock that will be paid to repurchase shares that the manager assumed in calculating the $384,000 tax savings?