XYZ Corp. currently has $18 million in excess cash that it plans on returning to its shareholders through a share repurchase. XYZ 's current share price is $24.8 and it currently has 22.7 million shares outstanding. In addition, the market value of the company's debt is $11 million. Assuming perfect markets, what will XYZ's share price be after it uses the excess cash to repurchase shares? Round your answer to two decimals (don't include the \$-symbol in your answer)