The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding.

Market Value Balance Sheet

Cash $ 43,900 Equity $ 373,900

Fixed assets 330,000

Total 373,900 Total 373,900

Instead of a dividend of $1.60 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., 32.16))

Shares outstanding

What will the price per share be after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

New stock price $