Firm ABC currently (the beginning of year one) earnings per share equal $9.40 and grow at 3% per year (intrinsic growth rate independent of dividend policy). The company now sees an investment opportunity (project) at the end of year one that requires an investment of $1.95 per share. The project will last for two years and give extra earnings in the two years after the investment by $2.75 and $3.05 respectively. The company pays out all earnings as dividends. Investors of ABC require a return of 12% on holding the company stocks. The 100% dividend payout policy remains unchanged throughout the whole life of the company. All answers round to 2 decimal points. 3a) What is stock price now (the beginning of year one) if the company does not undertake this investment project? (6%) 3b) What is stock price now (the beginning of year one) if the company undertakes this investment project? (6%) 3c) What is stock price at the end of year three (after the dividend paid at the end of year three) if the company undertakes this investment project? (6%) 3d) What is stock price at the end of year four if the investment project also increases the normal growth rate of the company from 3% to 4% once the project is finished at the end of year three? _(7%)