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ABC Corporation's stock is currently selling at a price of $30 per share. The firm has been undergoing an annual growth rate with an amount

ABC" Corporation's stock is currently selling at a price of $30 per share. The firm has been undergoing an annual growth rate with an amount of 6%. Moreover, "ABC" Corporation's Last year's earnings per share (EPS), were $4.00 per share. In addition, the "ABC" Corporation has the policy to pay dividends with an amount equal to 40% of the EPS. Assume, the risk-free rate (Rf) is 8%, and the market risk premium (MRP) is 5%. Based on the above-given information, what will be the new stock price If market risk (beta) increases by 50% and all other factors remain constant? please answer it quickly

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