The balance sheet for Quinn Corporation is shown here in market value terms. There are $5,000$ shares of stock outstanding.

Market Value Balance Sheet

Cash $ $45,100$ Equity $ $495,100$

Fixed assets $450,000$

Total $ $495,100$ Total $ $495,100$

Instead of a dividend of $$1\mathrm{.}40$ per share, the company has announced a share repurchase of $$7,000$ 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$.,32\mathrm{.}16.)$

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$.,32\mathrm{.}16.)$