The balance sheet for Levy Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	45,200		Equity	$	505,200
Fixed assets		460,000
Total	$	505,200		Total	$	505,200

Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $9,000 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

$