Horicon has $60 million in excess cash and no debt. The firm expects to generate additional free cash flows of $48 million per year in subsequent years and will pay out these future free cash flows as regular dividends.Horicon's unlevered cost of capital is 9% and there are 12 million shares outstanding. Horicon's board is meeting to decide whether to pay out its $60 million in excess cash as a special dividend or to use it to repurchase shares of the firm's stock. Assume that Horicon uses the entire $60 million to repurchase shares. The amount of the regular yearly dividends in the future is (2 decimal points)