2. When you calculated Big Corp.'s stock price as $36.74, you assumed that the firm will earn $1.50 per share a year from today and that over the next 5 years Big will pay out 10% of its earnings and reinvest 90% of its earnings in projects earning a return of 30%, You have also assumed that 6 years from today Big's return on new investments will fall to equal its 9% cost of capital and that Big will at that time boost its payout to 75% of earnings. Will assuming that Big's cost of capital is 12% (instead of 9% ) raise or lower your estimate of Big's stock price