The balance shoot for Pie Crust, Inc., is shown hero in marmot value terms. There are 29,000 shares of stock outstanding. In lieu of a dividend of $1.60. the company has announced it is going to repurchase $46, 400 worth of stock instead of paying a dividend. What effect will this transaction have on the equity of the firm? How many shares will be outstanding after the repurchase? What will the price per share be after the repurchase? Is the share repurchase effectively the same as a cash dividend