The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $44,000 Equity $384,000 340,000 Total $384,000 Total $384,000 Instead of a dividend of $1.70 per share, the company has announced a share repurchase of $13,600 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