The investment banking firm of Einstein & Company will use a dividend valuation model to appraise the shares of the Modern Physics Corporation. Dividends (D1) at the end of the current year will be $1.64. The growth rate (g) is 8 percent and the discount rate (K.) is 13 percent. a. What should be the price of the stock to the public? Note: Do not round intermediate calculations and round your answer to 2 decimal places. Price of the stock b. If there is a 7 percent total underwriting spread on the stock, how much will the issuing corporation receive? Note: Do not round intermediate calculations and round your answer to 2 decimal places. Net price to the corporation