The balance sheet for Chevelle Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	43,700		Equity	$	353,700
Fixed assets		310,000
Total	$	353,700		Total	$	353,700

Instead of a dividend of $1.40 per share, the company has announced a share repurchase of $12,600 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

$