Salem Industries has a beta of .9. The risk-free rate is 7% and the expected return on the market portfolio is 12%. Salem presently pays a dividend of $3.00 per share, and investors expect it to experience a growth in dividends of 10% per annum for many years to come. What is the stock's required rate of return according to the CAPM? What is the stock's present market price per share, assuming this required return and using the perpetual dividend growth model? What would the stock's required rate of return be according to the CAPM if the beta were 1.3, assuming all else remains the same? What would the stock's market price per share be according to the CAPM if the beta were 1.3, assuming this required return, using the perpetual dividend growth model, and that all else remains the same?