Omicron Technologies has $$40$ million in excess cash and no debk. The firm expects to generato additional free cash Pows of $$32$ million per year in subsequent years and will pay out these future free cash fows as regular dividends. Omscron's unlevered cost of capital is $9\%$ and there are $8$ million shares outstanding. Omicron's board is meating to decide whether to pay out its $$40$ million in excess cash as a special dividend or to use it to repurchase shares of the firm's stock.

Assume that Omicron uses the entire $$40$ million in excess casih to pay a special dividend. Omicron's cum$-$dividend price is closest lo:

$$ A$.$ $$59$

B$.$ $$49$

$$ C$.599$

$$ D$.$ $$40$