XYZ Corp., a closely held C corporation, is contemplating purchasing shares from one of its shareholders, Alice. XYZ is trying to figure out if the transaction will be treated as a redemption, or a dividend. Alice currently owns 100 of the 1,000 shares outstanding. Alice's father owns 50 shares of the XYZ stock. There are no other shareholders that Alice is related to and there are no entities who are shareholders. If XYZ purchases 40 of Alice's shares, under the IRC how many shares will Alice be viewed as owning after the share purchase.