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AMC Corporation currently has an enterprise value (EV) of $310 million and $110 million in excess cash. The firm has 25 million shares outstanding and

AMC Corporation currently has an enterprise value (EV) of $310 million and $110 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 $510 million or $110 million. What is AMC's share price after the repurchase if its enterprise value goes up? What is AMC's share price after the repurchase if its enterprise value declines

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