The balance sheet for Quinn Corporation is shown here in market value terms. There are $25,000$ shares of stock outstanding.

Market Value Balance Sheet

Cash $ $131,000$

Fixed assets $510,000$ Equity $ $641,000$

Total $ $641,000$ Total $ $641,000$

The compay has announced it is going to repurchase $$27,500$ worth of stock instead of paying a dividend of $$1\mathrm{.}10.$

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$.,32.$

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$.,32.$

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$.,32\mathrm{.}16.$