b. The dividend policy of ECRL Berhad has been recently changed to payout 40 percent of its eamings to shareholders. The company has just paid dividends of RM3.00 per share. REQUIRED: 1. Calculate the growth rate of dividends if the return on equity is 12 percent [4 marks] ii. Calculate the if the market price ofECRL Berhad shares is RM50.00. [4 marks] iii. Would you invest in this company if your required rate ofreturn is 18 percent? Why? [2 marks]