Need help figuring out new stock price!

The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding Market Value Balance Sheet $495,100 Cash Fixed assets 450,000 $ 45,100 Equity Total $495,100 Total 495,100 Instead of a dividend of $1.40 per share, the company has announced a share repurchase of $7,000 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Shares outstanding 4929.31 What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New stock price Hints References Book &Resources