The balance sheet for Levy Corp. is shown here in market value terms. There are 12,000 shares of stock outstanding. Market Value Balance Sheet

Cash $ 55,000

Fixed assets 410,000

Total $ 465,000

Equity $ 465,000

Total $ 465,000

Instead of a dividend of $1.90 per share, the Levy has announced it will repurchase $22,800 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round the answer to the

the nearest whole number.) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) New stock price $