New World Enterprise has RM47 million in excess cash and no debt. New World projects to generate additional free cash flows of RM74 million per year in upcoming years. The firm is planning to pay out these future free cash flows as regular dividends. Assuming the firm has a 10% cost of capital and its number of shares outstanding is 12 million. The firm is considering whether to use the entire excess cash to buy back their shares or use it as a special dividend. Assume that New World Enterprise uses the entire RM47 million in excess cash to pay a special dividend. Compute New Worlds cum-dividend price.