The company is forecasting earnings per share of 10 this year; the expected return on the market is 7%, the risk-free rate in the market is 3%, and the beta of this stock is 3.

You have identified 2 possible strategies, the company:

1. Pay a constant annual future dividend of 6 per share. The retained earnings will be reinvested in new projects with an expected profitability of 17.5% per year.

2. Pay a constant annual future dividend of 9 per share. The retained earnings will be reinvested in the same new projects with an expected profitability of 17.5% per year.

Calculate the change in the share price (in ) (increase / decrease), if the NeoSmart company adopts the 2nd strategy compared to the 1st dividend distribution strategy.

Please note that the answer to be filled in must include the sign of the variation in the event of a decrease. For example, for a reduction of 25 , you would have to enter -25.