Problem 19-6 Share Repurchase The balance sheet for Fourth Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet 495,100 $ 45,100 $ Equity 450,000 Total $ 495,100 Total 495,100 $ Instead of a dividend of $1.40 per share, the company has announced a share repurchase of $7,000 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., 32.16.) 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., 32.16.) Shares outstanding New stock price