2. Techton is a mature firm in the machine tool component industry. The firms most recent common stock dividend was $3.5 per share. The firms management feels that dividends will remain at the current level for the foreseeable future. a. If the required return is 10%, what will be the value of Techtons common stock? b. If the risk preference level of investors in the market is changed suddenly and the required return rise to 22% what will be the common stock value?