Ecology Labs, Inc., will pay a dividend of $5.20 per share in the next 12 months (D₁). The required rate of return (K_e) is 14 percent and the constant growth rate is 7 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 20 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 10 percent; what will be the new price? Ke goes back to its original value of 14 percent. (Round your intermediate and final answer to 2 decimal places. Omit the "$" sign in your response.)

New price

$

(d)	Assume D1 is $6.10; what will be the new price? Assume Ke is at its original value of 14 percent and g goes back to its original value of 7 percent. (Round your intermediate and final answer to 2 decimal places. Omit the "$" sign in your response.)

New price

$