Hard Hat Construction's stock is currently selling at an equilibrium price of $30 per share. The firm has been experienc

[answerhappygod]

Hard Hat Construction's stock is currently selling at an
equilibrium price of $30 per share. The firm has been experiencing
a 6% annual growth rate. Last year's earnings per share, E(0) were
$4.00, and the dividend payout ratio is 40%. The risk-free rate is
8%, and the market risk premium is 5%. If systematic risk (beta)
inceases by 50%, and all other factors remain constant, by how much
will the stock price change? (Hint: Use four decimal places in your
calculations.)
Group of answer choices
-$7.33
+$7.14
-$15.00
-$15.22
+$22.63