Problem 10-29 (Algo) Common stock value under different market conditions [LO10-5] Ecology Labs incorporated will pay a dividend of $7.50 per share in the next 12 months (01). The required rate of return (Ke) is 20 percent and the constant growth rate is 9 percent. Note: Each question is independent of the others. 0. Compute the price of Ecology Labs' common stock Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. Assume Ke, the required rate of retum, goes up to 24 percent What will be the new ptice? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. Assume the growth rate (g) goes up to 13 percent. What will be the new price? Ke goes back to its original value of 20 percer Note: Do not round intermediate calculations. Round your answer to 2 decimal places. d. Assume 01 is 59.00. What will be the new price? Assume Ke is at its original value of 20 percent and g goes back to its original volue of 9 percent Note: Do not round intermediate calculations. Round your answer to 2 decimal places