Common stock value Variable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool During the year just completed Grips samed $3.76 per share and paid cash dividends of $206 per share (0, -5206) Grip earnings and dividends are expected to grow at 25% per year for the next years after which they are expected to grow 7% per year to infinity What is the maximum price per share that Newman should pay for Grip it has a required return of 10% on vients with risk characteristics similar to those of Grips? The maximum price per share that Newman should pay for Grips is 5 (Round to the nearest cont)