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Hagen S.A has debt of $21,85 million, and 6 million shares outstanding. Currently, it has assets with market value of $768,10 million, and $49,68 million

Hagen S.A has debt of $21,85 million, and 6 million shares outstanding. Currently, it has assets with market value of $768,10 million, and $49,68 million of which are cash. Suppose this firm pays $49,68 million as dividends, what will its share price be after the dividend is paid? Consider perfect capital markets. The answer is equal to 116,10!

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