Pharmecology just paid an annual dividend of $2.30 per share. It's a mature company, but future EPS and dividends are expected to grow with inflation, which is forecasted at 5.00% per year. The nominal cost of capital is 11.75%. a. What is Pharmecology's current stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. What would be Pharmecology's current stock price using forecasted real dividends and a real discount rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)