XYZ Corp.currently has $47 million in excess cash that it plans on returning to its shareholders through a share repurchase.XYZ's current share price is $19.64and it currently has 26.63million shares outstanding.In addition,the market value of the company's debtis$6million.Assumingperfect 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).

Question 2 5 points Save Answer XYZ Corp. currently has $47 million in excess cash that it plans on returning to its shareholders through a share repurchase. )WZ's current share price is $19.64 and it currently has 26.63 million shares outstanding. In addition, the market value of the company's debt is $6 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)