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The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding. Cash Market Value Balance

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The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 9,000 shares of stock outstanding. Cash Market Value Balance Sheet $ 44,600 Equity $4 444,600 400,000 Fixed assets Total 444,600 $ Total $444,600 os Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $13,500 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.) a. Shares outstanding New stock price b

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