The investment banking firm of Elnstein 8 Company will use a dividend valuation model to appraise the Ghares of the Modern Physics Corporation. Dividends (D1) at the end of the current year will be $1.64. The growth rate (g) is 8 percentand 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. b. If there is a 7 percent total underwriting spread on the stock, how much wili the issuing corporation receive? Note: Do not round intermediate calculations and round your answer to 2 decimal places. c. If the issuing corporation requires a net price of $31.30 (proceeds to the corporation) and there is a 7 percent underwriting spread, What should be the price of the stock to the public? Note: Do not round intermediate calculations and round your answer to 2 decimal ploces