(Measuring growth) Solarpower Systems earned $20 per share at the beginning of the year and paid out $8 in dividends to shareholders (50,D0=$8) and rotainod $12 to invest in now profocts with an expected retum on equity of 19 percent. In the future, Solarpower expects to retain the same dividend payout ratio, expects to earn a return of 19 percent on its equity invested in new projects. and will not be changing the number of shares of common stock outstanding. a. Calculate the future growth rate for Solarpower's earnings: b. If the investor's required rate of return for Solarpower's stock is 14 percent, what would be the price of Solarpower's common stock? c. What woutd happen to the price of Solarpower's common stock if it raised its dividends to $12 and then continued with that same dividend payout ratio permanently? Should Solarpower make this change? (Assume that the investor's required rate of return remains at 14 percent.) d. What would happened to the price of Solarpower's common stock if it lowered its dividends to $2 and then continued with that same dividend Davout ratio Dermanenttv? Does the constant dividend (Round to two decimal places.) b. If the investor's requifed rate of retum for Solarpower's stock is 14%, what would be the price of Solarpower's common stock? (Round to the nearest cent) c. What would happen to the price of Solarpower's common stock if it had raised its dividends to $12(D0=$12) and then continued with that same dividend payout ratio permanently? (Round to the nearest cent.)