A phroma mo thik iretam mobl Data tabla (0) Ime forrofaing of 1 ) it Integrative - Risk and valuation Giant Enterprises' stock has a required return of 16.7%. The company, which plans to pay a dividend of $2.45 per share in the coming year, anticipates that its future dividends will increase at an annual rate consistent with that experienced over 2016 -2022 period, when the following dividends were paid: a. If the risk-free rate is 7%, what is the risk premium on Guant's stock? b. Using the constant-growth model, estimate the value of Giank's stock. (Hint: Found the computed dividend growth rate to the nearest whole percent.) c. Explain what eflect, If any, a docrease in the risk premium would have on the value of Giant's stock. a. If the risk-free rate is 7%, the risk premium on Giant's stock is \%. (Round to one decimal place.) b. Using the constant-growth model, the value of Giant's stock is s (Round to the nearest cent.) c. Explain what effect, if any, a decrease in the risk premium would have on the value of Giant's stock. (Select from the drop-down menus.) A decrease in the risk premium would the required rate of return, which in tum would the price of the stock. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.)