Common stock value-Constant growth Personal Finance Problem Over the past 6 years, Elk County Telephone has paid the dividends shown in the following table, E. The firm's dividend per share in 2020 is expected to be $9.38. a. If you can earn 16% on similar-risk investments, what is the most you would be willing to pay per share in 2019, just after the $8.93 dividend? b. If you can earn only 13% 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. If you can earn 16% on similar-risk investments, the most you would be willing to pay per share is $ the nearest cent.) (Round to i X Data Table - in order to copy the contents of the data table below (Click on the icon here into a spreadsheet.) Year 2019 2018 2017 2016 2015 2014 Dividend per share $8.93 $8.51 $8.10 $7.72 $7.35 $7.00