I incorrectly calculated the new share price in the following question. How would I go about doing this correctly.

Throughout this question, capital markets are perfect, individuals and firms can borrow and lend at the risk-free rate of 3% p.a. and the market risk premium is 7% p.a. Consider an unlevered firm that has an equity beta of 1.2. The firm has 1,000 shares outstanding. The current share price is $6.14 per share.

1. Suppose that, at the end of the first year, the firm announces that it has EBIT of $800 and it declares and pays that amount as a dividend. The firm then announces that it plans to issue $2,000 of risk-free debt to fund a share buyback, where shares will be bought back at their current market value. How many (whole) shares will be bought back? What will the share price be after the buyback?