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The balance sheet for Levy Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet Cash

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

Market Value Balance Sheet
Cash $ 45,300 Equity $ 515,300
Fixed assets 470,000
Total $ 515,300 Total $ 515,300

Instead of a dividend of $1.60 per share, the company has announced a share repurchase of $16,000 worth of stock.

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

New stock price $

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