The balance sheet for Quinn Corporation is shown here in market value terms. There are $27,000$ shares of

stock outstanding.

The compay has announced it is going to repurchase $$37,800$ worth of stock instead of paying a dividend

of $$1\mathrm{.}40.$

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$.,$

$32\mathrm{.}16.$

a$.$ The transaction will

shareholders' equity by

b$.$ New shares outstanding

c$.$ Share price