Suppose Integrated Waveguide Technologies (IWT) has decided to distribute $50 million in the form of a stock repurchase, which it presently is holding in very liquid short-term investments. IWT’s value of operations is estimated to be about $1,937.5 million. IWT has $387.5 million in debt (it has no preferred stock). IWT has 100 million shares of stock outstanding. How many shares did IWT repurchase? What is its intrinsic stock price per share after the repurchase?