can you please do it step by step

Common stock value-Constant growth Personal Finance Problem Over the past 6 years, Elk County Telephone has paid the dividends shown in the following table, 1. The firm's dividend per share in 2020 is expected to be $5.63. a. If you can earn 12% on similar-risk investments, what is the most you would be willing to pay per share in 2019, just after the $5.52 dividend? b. If you can earn only 9% on similar-risk investments, what is the most you would be willing to pay per share? c. Compare your findings in parts a and b, what is the impact of changing risk on share value? a. If you can earn 12% on similar-risk investments, the most you would be willing to pay per share is $. (Round to the nearest cent.) b. If you can earn 9% on similar-risk investments, the most you would be willing to pay per share is $). (Round to the nearest cent.) c. According to the findings in parts a and b, as risk decreases, the required rate of return causing the share price to . (Select from the drop-down menus.) 0 Data Table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Year Dividend per share 2019 $5.52 2018 $5.41 2017 $5.31 2016 $5.20 2015 $5.10 2014 $5.00 Print Done