AMC Corporation currently has an enterprise value of $ $390$ million and $ $100$ million in excess cash. The firm has $15$ 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.

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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Part $1$

$$AMC$\text{'}$s share price after the repurchase if its enterprise value goes up is $$$

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enter your response here. $($Round to two decimal$$ places.$)$