The market value balance sheet for Bobaflex Manufacturing is shown here. The company has declared a 25 percent stock dividend. The stock goes ex dividend tomorrow (the chronology for a stock dividend is similar to that for a cash dividend).

Market Value Balance SheetCash$89,000Debt$148,000Fixed assets730,000Equity671,000Total$819,000Total$819,000

a.There are 24,000 shares of stock outstanding. What is the current share price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b.What will the ex-dividend price be?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)