The balance sheet for Quinn Corporation is shown here in market value terms. There are

$5,000$ shares of stock outstanding.

Instead of a dividend of $$1\mathrm{.}60$ per share, the company has announced a share

repurchase of $$8,000$ 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$.,32\mathrm{.}16.)$

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

Answer is complete but not entirely correct.