Kellies has a market value equal to its book value. Currently, the firm has excess cash of $218,500, other assets of $897,309, and equity of $547,200. The firm has 40,000 shares of stock outstanding and net income of $59,800. Management has decided to spend 14 percent of the excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? Show the process to justify your response