The balance sheet for Ferguson Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	44,400		Equity	$	424,400
Fixed assets		380,000
Total	$	424,400		Total	$	424,400

Instead of a dividend of $1.20 per share, the company has announced a share repurchase of $9,600 worth of stock.

How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. 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. Round your final answer to 2 decimal places, e.g., 32.16.)

New stock price

$