The balance sheet for Chevelle Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	44,700		Equity	$	454,700
Fixed assets		410,000
Total	$	454,700		Total	$	454,700

Instead of a dividend of $1.60 per share, the company has announced a share repurchase of $8,000 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

$