Problem 19-6 Share Repurchase The balance sheet for Fourth Corp. is shown here in market value terms. There are 12,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 58,000 Equity $503,000 Fixed assets 445,000 Total $503,000 Total $503,000 The company has announced a share repurchase of $22,800 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to nearest whole number, e.g., 32.) 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