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The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash

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The balance sheet for Levy Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 44,800 Equity $464,800 Fixed 420,000 assets Total 464,800 $ Total $464,800 Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $8,500 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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