Point $B$ lies on line segment $\overline{AC}$ with $AB=16$ and $BC=4$. Points $D$ and $E$ lie on the same side of line $AC$ forming equilateral triangles $\triangle ABD$ and $\triangle BCE$. Let $M$ be the midpoint of $\overline{AE}$, and $N$ be the midpoint of $\overline{CD}$. The area of $\triangle BMN$ is $x$. Find $x^2$.