Roybus, Inc., a manufacturer of flash memory, just reported that its main production facility in Taiwan was destroyed in a fire. Although the plant was fully insured, the loss of production will decrease Roybus's free cash flow by $$180$ million at the end of this year and by $$60$ million at the end of next year.

a$.$ If Roybus has $35$ million shares outstanding and a weighted average cost of capital of $13\mathrm{.}0\%,$ what change in Roybus's stock price would you expect upon this announcement? $($Assume that the value of Roybus's debt is not affected by the event.$)$

b$.$ Would you expect to be able to sell Roybus stock on hearing this announcement and make a profit? Explain.

a$.$ If Roybus has $35$ million shares outstanding and a weighted average cost of capital of $13\mathrm{.}0\%,$ what change in Roybus's stock price would you expect upon this announcement? $($Assume that the value of Roybus's debt is not affected by the event.$)$

The change in price per share would be $

$($Round to the nearest cent.$)$