The equity section of a firm's market value balance sheet has common stock of $100,000 (par value $1), capital surplus of $125,450, and retained earnings of $427,500. The firm's stock sells for $36 a share. If the firm repurchases $55,000 of stock, what will be the new market value of the firm's total equity? $632,096 $582,521 $597950 $632,950 $612,400