Question: The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 14,000 shares of stock outstanding. Market Value Balance Sheet

The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 14,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	53,700	Equity	$	438,700
Fixed assets		385,000

Total	$	438,700	Total	$	438,700

Instead of a dividend of $1.30 per share, the company has announced a share repurchase of $18,200 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.)

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.)

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