The balance sheet for Rami Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	45,700			Equity	$	555,700
Fixed assets		510,000
Total	$	555,700			Total	$	555,700

Instead of a dividend of $1.80 per share, the company has announced a share repurchase of $18,000 worth of stock. 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.) Shares outstanding 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.) New stock price $