Ecology Labs Incorporated will pay a dividend of $6.80 per share in the next 12 months (D). The required rate of return (K) is 15 percent and the constant growth rate is 5 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.

Ecology Labs incorporated wil pay a dividend of $6.80 per share in the next 12 months (D1). The required rate of return (Kf) is 15 percent and the constant growth rate is 5 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