Ashton-Fell Industries intends to pay its first dividend of $2.40 five years from today. After the payment of that dividend, it expects dividends to grow at a constant rate of 8%. If the required return is 12%, what is the price of the stock today? 38.13 Question 11 2.78 pts If we assume a lower required return for the preceding problem involving Ashton-Fell, would the price be higher, lower, or stay the same? Higher Lower Stay the same If we assume a lower growth rate for the Ashton - Fell problem, would the price be higher, lower, or stay the same? Higher Lower Stay the same