Cfirm has excess cash of $650, other assets of $6,000, and equity is worth $6,650. The firm has 80 shares of stock outstanding and net income of $1,600. The firm has decided to spend all of its excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? What will be the share price after the stock repurchase?

Group of answer choices

60.75; $83.13

8; $767.31

72; $83.13