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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

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 $ 44,900 Equity $ 474,900
Fixed assets 430,000
Total $ 474,900 Total $ 474,900

Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $10,800 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))

What will the price per share be after the repurchase? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

New stock price $

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