A firm that has an Rol of 12% is considering cutting its dividend payout. The stockholders have a required rate of return of 134. Given this information, which of the following statements is tare) correct? 1. All else equal, the firm's growth rate will accelerate after the payout change. I. All else equat, the firm's stock price will go up after the payout change. I. All else equal, the firry's PE ratio will increase after the payout change. I only I and II. and it I and