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
Cash	$	44,800		Equity	$	464,800
Fixed assets		420,000
Total	$	464,800		Total	$	464,800

Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $8,500 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.)