AMC Corporation currently has an enterprise value? (EV) of $320 million and $110 million in excess cash. The firm has 25 million shares outstanding and no debt. Suppose AMC uses its excess cash to repurchase shares. After the share? repurchase, news will come out that will change? AMC's enterprise value to either $520 million or $120 million. Suppose AMC waits until after the news comes out to do the share repurchase. What is? AMC's share price after the repurchase if its enterprise value goes? up? What is? AMC's share price after the repurchase if its enterprise value? declines?
The share price after the repurchase if its enterprise value goes up is $_____.
?(Round to two decimal? places.)