Common stock value Variable growth Newman Maracturing is considering a purchase of the stock of Gris Tool uning the year just completed, Grips med $3.00 per share and paid cash dividends of $1.39 per share D. - $1.39) Gris camnings and dividends are expected to grow at 35% per year for the next 3 years after which they are expected to grow 8% per year to infinity. What is the maximum price per share that Newman should pay for Grips if it has a required return of 15% on investments with risk characteristics similar to those of Gripe