The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 7,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $ 44,100 394,100 Equity $ 350,000 Total 394,100 $ Total $ 394,100 Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $12,600 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 6,776,00