A firm has 8 million shares outstanding with a market price of $40 per share.

A firm has 8 million shares outstanding with a market price of $40 per share. The firm has $30 million in extra cash (short-term investments) that it plans to use in a stock repurchase; the firm has no other financial investments or any debt. What is the firm's value of operations, and how many shares will remain after the repurchase (in millions)?