abc corp. currently has $23 million in excess cash that it plans on returning to its shareholders through a dividend payment. abc's current share price is $22.7 and it has 30.5 million shares outstanding. in addition, the market value of the company's debt is $14 million. assuming perfect markets, what will the share price of abc be after it pays the dividend? round your answer to two decimals (do not include the $-symbol in your answer)
