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AMC Corporation has an enterprise of $349 million and $129 million in excess cash. The firm has 10 million shares outstanding and no debt. Suppose

AMC Corporation has an enterprise of $349 million and $129 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 AMCs enterprise value to either $540 million or $140 million. Suppose AMC waits until after the news comes out to do the share repurchase. What is AMCs share price after repurchase if its enterprise value goes up? What is AMCs share price after repurchase if enterprise value declines ( rounded to two decimal places)

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