AMC Corporation currently has an enterprise value of $ $310$ million and $ $100$ 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$$ AMC's share price prior to the share$$ repurchase?

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Part $1$

$$AMC$\text{'}$s share price prior to the share repurchase is $$$

$$

$12\mathrm{.}4.($Round to the nearest$$ cent.$)$