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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 $43,800 Equity $363,800 Cash Fixed assets 320,000 363,800 Total$ 363,800 Total $ Instead of a dividend of $1.50 per share, the company has announced a share repurchase of $7,500 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 b. New stock price

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