Ecology Labs, Inc., will pay a dividend of $3.55 per share in the next 12 months (D₁). The required rate of return (K_e) is 20 percent and the constant growth rate is 10 percent. (Each question is independent of the others.)

(a)	Compute the price of Ecology Labs' common stock. (Round your intermediate and final answer to 2 decimal places. Omit the "$" sign in your response.)

Price

$

(b)	Assume Ke, the required rate of return, goes up to 22 percent; what will be the new price? (Round your intermediate and final answer to 2 decimal places. Omit the "$" sign in your response.)

New price

$

(c)	Assume the growth rate (g) goes up to 14 percent; what will be the new price? Ke goes back to its original value of 20 percent. (Round your intermediate and final answer to 2 decimal places. Omit the "$" sign in your response.)

New price

$

(d)	Assume D1 is $4.20; what will be the new price? Assume Ke is at its original value of 20 percent and g goes back to its original value of 10 percent. (Round your intermediate and final answer to 2 decimal places. Omit the "$" sign in your response.)

New price

$