Eat-a-Peach Inc. is a Georgia-based peach farming company. Eat-a-Peach is trading for $10.00 per share and has 500 million shares outstanding. The company has excess cash of $1,200 million that it wants to distribute using a fixed-price tender offer. It has announced that it will pay $12 per share and use all of its excess cash. What will the stock price be after the repurchase? Round your answer to the nearest cent. $ 8.5 X