The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	45,000		Equity	$	485,000
Fixed assets		440,000
Total	$	485,000		Total	$	485,000

Instead of a dividend of $1.90 per share, the company has announced a share repurchase of $19,000 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.)

Market Value Balance Sheet 485,000 $ 45,000 Equity Cash 440,000 Fixed assets Total 485,000 $485,000 Total Instead of a dividend of $1.90 per share, the company has announced a share repurchase of $19,000 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.) a. Shares outstanding New stock price b