Common stock value-Variable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just completed Grips earned $3.86 per share and paid cash dividends of $2 16 per share (Do-$216) Grips' earings and dividends are expected to grow at 35% per year for the nexd 3 years after which they are expected to grow 6% per year to infinity. What is the maximum price per share that Newman should pay for Gripsit it has a required return of 12% on investments with risk characteristics similar to those of Grips? The maximum price per share that Newman should pay for Grips is 5 76 32 (Round to the nearest cent.) Common stock value-Constant growth Personal Finance Problem Over the past 6 years, Ek County Telephone has paid the dividends shown in the following table, The firm's dividend per share in 2020 is expected to be 5993 a. If you can earn 14% on similar risk investments, what is the most you would be willing to pay per share in 2019. just after the 3937 dividend? b. If you can earn only 11% 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. you can earn 14% on similar-risk investments, the most you would be willing to pay per share is $(Round to the nearest cent) Year 2019 2018 2017 2016 2015 2014 Dividend per share $9.37 $8.84 $8.34 $7.87 $7.42 $7.00