Company B$$s board is meeting to decide how to pay out $$20$ million in excess cash to shareholders. The company has $10$ million shares outstanding, no debt, faces an equity cost of capital $=$ WACC $=12\%,$ and expects to generate future free cash flows of $$48$ million per year forever that will be paid out to shareholders as dividends each period. Calculate each shareholders$$ wealth if the company decides to pay out the $$20$ million excess cash immediately by repurchasing stock. $($Hint: shareholder wealth $=$ value of equity holding plus cash from repurchase.$)$