The investment banking firm of Einstein & Company will use a dividend valuation model to appraise the shares of the Modern Physics Corporation. Dividends $($D$1)$ at the end of the current year will be $$1\mathrm{.}55.$ The growth rate $($g$)$ is $8$ percent and the discount rate $($Ke$)$ is $10$ percent. 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. If there is a $3$ 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.