The statement of financial position for Knox Corp. is shown here in market value terms. There are 5,000 shares of stock outstanding.

Market Value Statement of Financial Position
Cash	$	44,800		Equity	$	464,800
Fixed assets		420,000
Total	$	464,800		Total	$	464,800

The company has announced a share repurchase of $8,500 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