You have decided to retire and want to sell your shares in a closely held, all equity firm. The other shareholders have agreed to have the firm borrow $320,000 to purchase your 8,000 shares of stock at the current market value. The total number of shares outstanding is 40,000. What will be the new price per share after the repurchase?

		$45.00
		$51.50
		$47.25
		$40.00
		$45.25