Saskatchewan River Enterprises (SRE) has $500 million in debt and 20 million shares of equity outstanding. Its excess cash reserves are $15 million. SRE is expected to generate $200 million in free cash flows next year with a growth rate of 2% per year in perpetuity. SRE's cost of equity capital is 12%. a. What is SRE's stock price? b. After analyzing the company, you believe that the growth rate should be 3% instead of 2%. Assume debt and cash values do not change. What should the stock price be, given the higher growth rate? c. Given the growth rate change from 2% to 3%, how can you calculate the change in stock price without calculating the amounts in a or b above? a. The stock price is $ per share. (Round to the nearest cent.)