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AMC Corporation currently has an enterprise value(EV) of $ 370, $120 million in excess cash. The firm has 10 million shares outstanding and no debt.

AMC Corporation currently has an enterprise value(EV) of $ 370, $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 sharerepurchase, news will come out that will changeAMC's enterprise value to either $570 million or $170 million. What is AMC's share price after the repurchase if its enterprise value goesup? What isAMC's share price after the repurchase if its enterprise valuedeclines?

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