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Use the information for the question(s) below. Omicron Technologies has $52 million in excess cash and no debt. The firm expects to generate additional free

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Use the information for the question(s) below. Omicron Technologies has $52 million in excess cash and no debt. The firm expects to generate additional free cash flows of $79 million per year in subsequent years and will pay out these future free cash flows as regular dividends. Omicron's unlevered cost of capital is 10% and there are 9 million shares outstanding. Omicron's board is meeting to decide whether to pay out its $52 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 $52 million in excess cash to pay a special dividend. Omicron's cum-dividend price is closest to ($) (2 decimal places)

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