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The balance sheet for Sinking Ship Corp. Is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet

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The balance sheet for Sinking Ship Corp. Is shown here in market value terms. There are 5,000 shares of stock outstanding. Market Value Balance Sheet 373,900 $43,900 Cash Equity $ Flxed 330,000 assets $373,900 $373,900 Total Total Instead of a dividend of $1.60 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., 32.16.) 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.) Shares outstanding b. New stock price

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