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The current dividend, D0, of the stock of Sun Devil Corporation is $4 per share. Under present conditions, this dividend is expected to grow at a rate of 5 percent annually for the foreseeable future. The beta of Sun Devil stock is 1.4. The risk-free rate of return is 7 percent, and che expected market rate of return is 15 percent. Round your answers to the nearest cent. a. At what price would you expect Sun Devil common stock to sell? $ b. If the risk-free rate of return declines to 5 percent, what will happen to Sun Devil's stock price? (Assume that the expected market rate of return remains at 15%, the dividend growth rate remains at 5%, and D0 remains at $4.) $ c. Sun Devil's management is considering acquisitions in the machine tool industry. Management expects the firm's beta to increase to 1.6 as a result of these acquisitions. The dividend growth rate is expected to increase to 8 percent annually. Would you recommend this acquisition program to management? (Assume the same initial conditions that existed in part a.) Based on stock price of $ , the acquisition program be recommended