A firm has 10,000,000 shares outstanding with a price per share of $20.60 (previous to a share repurchase). The firm repurchases 2,000,000 shares with a price per share of $28.50. A share repurchase is a transaction whereby a company buys back its own shares from the marketplace. (As the repurchase price is greater than the market price, equity holders may sell shares to the firm only in proportion to their holding.) What will the share price be after the share repurchase is completed? Assume that Modigliani-Miller and its assumptions are true.