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QUESTION 6 Corporation A currently has an enterprise value of $405,158,695 and $83,344,210 in excess cash. The firm has 11,911,380 shares outstanding and no debt.

QUESTION 6

Corporation A currently has an enterprise value of $405,158,695 and $83,344,210 in excess cash. The firm has 11,911,380 shares outstanding and no debt. Suppose the firm uses its excess cash to repurchase shares. After the share repurchase, news will come out that will change AMCs enterprise value to either $539,056,054 or $339,543,974 What is the firm's share price prior to the share repurchase? NOTE: Submit your answers with 4 decimals after the dot. Do not include the "$" sign

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