Question: The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding Market Value Balance Sheet

 The balance sheet for Sinking Ship Corp. is shown here in

The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding Market Value Balance Sheet $43,800 Equity $363,800 Cash Fixed assets 320,000 363,800 Total$ 363,800 Total $ 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.) a Shares outstanding b. New stock price

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