Problem 10-29 Common stock value under different market conditions [LO10-5] Ecology Labs Inc will pey a dividend of $320 per share in the next 12 months ( 01). The required rate of return (Ke) is 20 percent and the constant growth fate is 10 percent. (Each question is independent of the others.) a. Compute the price of Fcology Labs' common stock. (Do not round intermediate calculations. Round your answer to 2 decimel places, ) Round your answer to 2 decimal places.) c. Assume the growth rate (a goes up to 12 percent. What wil be the new price? k9 goes back to its oripinal value of 20 percent (Do not round intermediate calculations. Round your answer to 2 decimal placet.)