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Ecology Labs Incorporated will pay a dividend of $3.55 per share in the next 12 months (D1) . The required rate of return (Ke) is

Ecology Labs Incorporated will pay a dividend of $3.55 per share in the next 12 months (D1) . The required rate of return (Ke) is 20 percent and the constant growth rate is 10 percent. Note: Each question is independent of the others. Compute the price of Ecology Labs' common stock. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Assume Ke

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