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

Market Value Balance Sheet
Cash	$	44,500		Equity	$	434,500
Fixed assets		390,000
Total	$	434,500		Total	$	434,500

Instead of a dividend of $1.30 per share, the company has announced a share repurchase of $6,500 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

$