Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding The following is the stockholders' equity section from Chipotle Mexican Grill, Inc.'s balance sheet (in thousands, except per share data).

Shareholders' Equity	December 31,2014
Preferred stock, $0.01 par value, 600,000 shares authorized, no shares issued as of
December 31, 2014
Common stock, $0.01 par value, 230,000 shares authorized, and 34,006 shares
issued as of December 31, 2014	340
Additional paid-in capital	999,852
Treasury stock, at cost, 4,589 common shares at December 31, 2014	(746,258)
Accumulated other comprehensive income (loss)	(429)
Retained earnings	1,722,271
Total shareholders' equity	1,975,776

a. Show the computation to derive the $340 thousand for common stock. Answer shares X $Answer = Answer thousand (round to the nearest whole number)

b. At what average price has Chipotle issued its common stock? Round to two decimal places. $Answer

c. How many shares of Chipotle common stock are outstanding as of December 31, 2014? Answer thousand

d. At what average cost has Chipotle repurchased its treasury stock as of December 31, 2014? Round to two decimal places. $Answer

e. Select the incorrect reason as to why a company would want to repurchase its own stock.

To offset the dilutive effects of shares issued to employees under stock option plans.

To raise capital for fund future long-term projects.

To mitigate a takeover threat by concentrating the remaining shares in "friendly hands."

To send a signal to the market that the company feels its shares are undervalued.

Please answer all parts of the question.