Gentleman Gym just paid its annual dividend of $2 per share, and it is widely expected that the dividend will increase by 2% per year indefinitely.

a. What price should the stock sell at if the discount rate is 10%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. What price should the stock sell at if the discount rate is 8%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)