Pennewell Publishing Inc. $($PP$)$ is a zero growth company. It currently has zero debt and its earnings before interest and taxes $($EBIT$)$ are $$80,000.$ PP$\text{'}$s current cost of equity is $10\%,$ and its tax rate is $40\%.$ The firm has $10,000$ shares of common stock outstanding selling at a price per share of $$48\mathrm{.}00.$

Refer to the data for Pennewell Publishing Inc. $($PP$).$ Assume that PP is considering changing from its original capital structure to a new capital structure with $35\%$ debt and $65\%$ equity. This results in a weighted average cost of capital equal to $9\mathrm{.}4\%$ and a new value of operations of $$510,638.$ Assume PP raises $$178,723$ in new debt and purchases T$-$bills to hold until it makes the stock repurchase. PP then sells the T$-$bills and uses the proceeds to repurchase stock. How many shares remain after the repurchase, and what is the stock price per share immediately after the repurchase?