Problem $19-6$ Share Repurchase

The balance sheet for Quinn Corporation is shown here in market value terms. There are

$5,000$ shares of stock outstanding.

Instead of a dividend of $$1\mathrm{.}60$ per share, the company has announced a share

repurchase of $$8,000$ worth of stock.

How many shares will be outstanding after the repurchase? $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

What will the price per share be after the repurchase? $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$