A fund manager in Goldman Sachs believes that the Revian stock (an upcoming EV company) will sell for $41 at year's end. At the end of the year, the stock will pay a dividend of $2.00. Assume a risk-free rate of 1.6%. Also, assume that Revian has the same risk as the stock market. You can find the annualized average rates of return on Treasury bills, Treasury bonds, and common stocks from 1900 to 2021. Average Premium (Extra return versus Treasury bills) (%) Portfolio Treasury bills Treasury bonds Common stocks Average Annual Rate of Return (%) 3.8 5.3 11.5 1.5 7.7 a. Calculate the discount rate (i.e., the expected rate of return for the next year) on the stock. ( (Round your result to two decimal places as a percentage.) Discount rate b. What is the price that the fund manager should be willing to pay for the Revian stock? (Intermediate computations should not be rounded. Your answer should be rounded to two decimal places.) Stock price