A company pays a cash dividend of $1.4 per share. Before the dividend payment, the company had a market value of debt equal to $50 million, and its market value of equity was $112 million. The money for the dividend comes out of its excess cash of $20 million. There were 14 million shares outstanding before the dividend. Suppose there are no taxes, and ignore any signaling effects of the dividend. The share price after the dividend payment is closest to (round your answer to 2 decimals, so if you find a share price of $2.457, enter 2.46):