The statement of financial position for Knox Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding.

Market Value Statement of Financial Position
Cash	$	44,000		Equity	$	384,000
Fixed assets		340,000
Total	$	384,000		Total	$	384,000

The company has announced a share repurchase of $13,600 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