The balance sheet for Ferguson Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	45,700		Equity	$	555,700
Fixed assets		510,000
Total	$	555,700		Total	$	555,700

Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $18,000 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

$