ABC Corp. currently has $44 million in excess cash that it plans on returning to its shareholders through a dividend payment. ABC's current share price is $18.8 and it has 33.5 million shares outstanding. In addition, the market value of the company's debt is $11 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)