Problem 10.29 (Algo) Common stock value under different market conditions [LO10-5] Ecology Labs Incorporated will pay a dividend of $6.50 per share in the next 12 months (D1). The required rate of return (Ke) is 20 percent and the constant growth rate is 9 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. b. Assume Ker the required rate of return, goes up to 24 percent. What will be the new price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. Assume the growth rate (g) goes up to 13 percent. What will be the new price? ke goes back to its original value of 20 percent. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. d. Assume o1 is $7.50. What will be the new price? Assume Ke is at its original value of 20 percent and g goes back to its original value of 9 percent. Note: Do not round intermediate calculations, Round your answer to 2 decimal places