LAN Inc. (LAN) has decided to divest of its clothing wear division, which is worth 4,400,000 as part of LAN. Investment advisors have assessed that if the clothing wear division was in a separate entity, the fair market value of its equity would be 5,000,000. To accomplish this carve-out, LAN set up a separate corporation called CWI Inc. (CWI) and transferred all the net assets of its clothing wear division into this company. CWI has 200,000 common shares, all owned by LAN. LAN has decided to complete an equity carve-out of 20% of the ownership of CWI. Prior to the carve-out, LAN has 300,000 common shares outstanding valued at $40 per share. What is the value per share of LAN after the equity carve-out is completed?