Omni Telecom is trying to decide whether to increase its cash dividend immediately or use the funds to increase its future growth rate. Pe- D1 Ke-9 Po Price of the stock today D Dividend at the end of the first year Po Dividend today Ke Required rate of return g-Constant growth rate in dividends Do is currently $2.50, Ke is 11 percent, and g is 6 percent. Under Plan A, D, would be immediately increased to $3.00 and x, and g will remain unchanged Under Plan B, will remain at $2.50 but g will go up to 7 percent and x, will remain unchanged. a. Compute Pa (price of the stock today) under Plan A. Note o, will be equal to 06 (19) or $3.00 (106). K will equal 11 percent, and g will equal 6 percent (Round your intermediate calculations and final answer to 2 decimal places.) Stock price for Plan A