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The statement of financial position for Knox Corp. is shown here in market value terms. There are 7,000 shares of stock outstanding. Market Value Statement

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The statement of financial position for Knox Corp. is shown here in market value terms. There are 7,000 shares of stock outstanding. Market Value Statement of Financial Position Cash $ 44, 100 Equity 394, 100 Fixed assets 350,000 Total $ 394, 100 Total $ 394, 100 The company has announced a share repurchase of $12,600 worth of stock. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) Shares outstanding What will the price per share be after the repurchase? (Do not round intermediate calculations. Round the final answer to 3 decimal places. Omit $ sign in your response.) New share price $ per share

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