AMC Corporation currently has an enterprise value (EV) of $340 million and $115 million in...
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AMC Corporation currently has an enterprise value (EV) of $340 million and $115 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 $540 million or $140 million. What is AMC's share price prior to the share repurchase? AMC's share price prior to the share repurchase is $. (Round to the nearest cent.)
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