Common stock value - Variable growth Newman Manufacturing is consldering a cash purchase of the stock of Grips Tool During the year just completed, Grips earned $427 per share and paid cash dividends of $2.57 per share (D0=$2.57). Grips' earnings and dividends aro expoclod to grow at 35% per year for the next 3 years, affer which they are expected to grow 5% per year to infinity. What is the maximum price per share that Nowman should pay for Grips if it has a required return of 10% on investments with ritsk characteristics similar to those of Grips