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AMC Corporation currently has an enterprise value (EV) of $390 million and $120 million in excess cash. The firm has 10 million shares outstanding and

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AMC Corporation currently has an enterprise value (EV) of $390 million and $120 million in excess cash. The firm has 10 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 $590 million or $190 million. Suppose AMC waits until after the news comes out to do the share repurchase. What would AMC's share price be after the repurchase if its enterprise value goes up? What would AMC's share price be after the repurchase if its enterprise value declines? The share price after the repurchase if its enterprise value goes up is $ (Round to two decimal places.) The share price after the repurchase if its enterprise value declines is $. (Round to two decimal places.)

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