Ecology Labs Incorporated will pay a dividend of $$5\mathrm{.}20$ per share in the next $12$ months $(D_1).$ The required rate of return $(K_e)$ is $14$

percent and the constant growth rate is $7$ percent.

Note: Each question is independent of the others.

a$.$ Compute the price of Ecology Labs' common stock.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Price

b$.$ Assume $K_e,$ the required rate of return, goes up to $20$ percent. What will be the new price?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

New price

c$.$ Assume the growth rate $(g)$ goes up to $10$ percent. What will be the new price? $K_e$ goes back to its original value of $14$ percent.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.