The balance sheet for Quinn Corporation is shown here in market value terms. There are $29,000$ shares of stock outstanding.

The compay has announced it is going to repurchase $$46,400$ worth of stock instead of paying a dividend of $$1\mathrm{.}60.$

a$.$ What effect will this transaction have on the equity of the firm?

Note: Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest

whole number, e$.$g$.,32.$

b$.$ How many shares will be outstanding after the repurchase?

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$

c$.$ What will the price per share be after the repurchase?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$