Problem 14-8 Share Repurchase [LO 4] The balance sheet for Quinn Corporation is shown here in market value terms. There ore 27,000 shares of stock outstanding The compay has announced it is going to repurchase $37,800 worth of stock instead of paying a dividend of $1.40. a. What effect wir this transaction have on the equity of the firm? Note: Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. How many shares will be outstanding after the repurchase? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What will the price per share be after the repurchase? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9, 32.16