Check my work mode: This shows what is correct or incorrect for the work you have completed so far. 5 outstanding. Cash Market Value Balance Sheet Fixed assets $ 111,000 484,920 2.75 points Total $ 595,920 Equity Total $ 595,920 $ 595,920 Mc Return to question The compay has announced it is going to repurchase $33,800 worth of stock instead of paying a dividend of $1.30. a. What effect will this transaction have on the equity of the firm? Note: Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. How many shares will be outstanding after the repurchase? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What will the price per share be after the repurchase? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. The transaction will b. New shares outstanding c. Share price reduce Answer is not complete. shareholders' equity by Droy 5 of 8 Next Li