The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet 515,300 Cash $45,300 Equity Fixed 470,000 assets 515,300 Total $515,300 Instead of a dividend of $1.60 per share, the company has announced a share repurchase of $16,000 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.) a. Shares outstanding b. New stock price