The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet Market value $43,800 Equity $363,800 320,000 Total $363,800 Total $363,800 Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $7,500 worth of stock. a. 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.) b. 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 b. New stock price