Question: 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

 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 10,000 shares of stock outstanding Market Value Balance Sheet 555,700 Cash $45,700 Equity Fixed assets 510,000 Total $ 555,700 Total $ 555,700 Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $18,000 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 b. New stock price

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