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Ecology Labs, Inc., will pay a dividend of $7.10 per share in the next 12 months (D1). The required rate of return (Ke) is 18

Ecology Labs, Inc., will pay a dividend of $7.10 per share in the next 12 months (D1). The required rate of return (Ke) is 18 percent and the constant growth rate is 8 percent. (Each question is independent of the others.) (a) Compute the price of Ecology Labs' common stock. (Round your intermediate and final answer to 2 decimal places. Omit the "$" sign in your response.) Price $ (b) Assume Ke, the required rate of return, goes up to 21 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 11 percent; what will be the new price? Ke goes back to its original value of 18 percent. (Round your intermediate and final answer to 2 decimal places. Omit the "$" sign in your response.) New price $ (d) Assume D1 is $7.90; what will be the new price? Assume Ke is at its original value of 18 percent and g goes back to its original value of 8 percent. (Round your intermediate and final answer to 2 decimal places. Omit the "$" sign in your response.) New price $

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