NL Technologies Ltd. issued preferred shares many years ago. They carry a fixed dividend of $14 per share. With the passage of time, yields have soared from the original 10 percent to 17 percent (yield is the same as required rate of return).

Required:

A. What was the original issue price? (Round the final answer to 2 decimal places.)

B. What is the current value of a XTech preferred share? (Round the final answer to 2 decimal places.)