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 Cash $ 44,500 Equity $ 434,500 Fixed assets 390,000 Total $ 434,500 Total $ 434,500 Instead of a dividend of $1.30 per share, the company has announced a share repurchase of $6,500 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.)