ABC Corp. currently has $15 million in excess cash that it plans on returning to its shareholders through a dividend payment. ABC's current share price is $22.0 and it has 24.5 million shares outstanding. In addition, the market value of the company's debt is $15 million. Assuming perfect markets, what will the share price of ABC be after it pays the dividend? Round your answer to two decimals (do not include the \$symbol in your answer)