3. Lowe's (ticker LOW), the bome-improvement store, bas a of 1.66 and is expected to pay a dividend of $1.92 for the next year. The yield on the 10 -year Treasury bond (the risk free rate) is 2.89%. You expect the return on the S\&P 500 index to be 11%. (a) Find the equity cost of capital (rE) of LOW. (b) Find the stock price of LOW if you expect their dividends to grow by 15% anmually. (c) If the current stock price of L.OW is $114.79, would you buy the stock? Explain