Common stock value - Variable growth Nosman Manutacturing is considering a cash purchase of the stock of Gripe Tool. During the year just completed, Grips eamed 53.19 por share and paid cash divionds of $1.49 per share (D5=$1.49). Grips' oamings and dinidends ale expected to grow at 25% per year for the neat 3 years, after which they are oxpected to grow 8% per year to infinty. What is the maximum price per share that Nowmian should pay for Grips it it has a required reham of 16% on investments with risk characteristics similar to those of Grips? The maximum price per share that Neweman should pay for Grips is is (Gound to tho noarest cont)