The balance sheet for Chevelle Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding.

Market Value Balance Sheet $44,900 Equity Cash Fixed assets 430,000 S 474,900 Total474,900 Total 474,900 Instead of a dividend of $1.80 Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $10,800 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16) New stock price