Tech Pool has a market value equal to its book value. Currently, the firm has excess cash of $98,200, other assets of $295,470, and equity of $766,360. The firm has 34,000 shares of stock outstanding and net income of $71,200. Management has decided to spend 55 percent of the excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed?

Group of answer choices

31,604

30,839

30,976

31,311

31,825