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The balance sheet for Quinn Corporation is shown here in market value terms. There are 7 , 0 0 0 shares of stock outstanding. Market

The balance sheet for Quinn Corporation is shown here in market value terms. There are 7,000 shares of stock outstanding. Market Value Balance SheetCash$ 44,100Equity$ 394,100Fixed assets350,000 Total$ 394,100Total$ 394,100 Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $12,600 worth of stock. a.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.)b.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.)

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