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AMC Corporation currently has an enterprise value (EV) of $320 million and $100 million in excess cash. The firm has 30 million shares outstanding and

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AMC Corporation currently has an enterprise value (EV) of $320 million and $100 million in excess cash. The firm has 30 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 $520 million or $120 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? ... AMC's share price after the repurchase if its enterprise value goes up is $ (Round to two decimal places.) AMC's share price after the repurchase if its enterprise value declines is $. (Round to two decimal places.)

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