Because of a catastrophic plane crash, the FAA announced that it is withdrawing its air worthiness certification for Fly by Night Aviation's (FBNA) new four seat private plane. As a result, FBNA's future expected free cash flows will decline by $40 million a year for the next eight years. FBNA has 20 million shares outstanding, no debt, and an equity cost of capital of 12%. If this news is a complete surprise to investors, then the amount that FBNA's stock price should fall upon the announcement is closest to