Consider the following information which relates to a given company: Item 2019 Value Earnings Per Share $6.52 Price Per Share (Common Stock) $40.83 Book Value (Common Stock Equity) $63.36 million Total Common Stock Outstanding 2.15 million Dividend Per Share $3.85 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.29% in the future, or possibly 7.03% for the next 2 years and 5.9% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 8.46% to 10.7%. Currently, the risk-free rate is 5.19%. Required: Assuming a constant annual 5.29% growth rate in future dividends, find the value per share of the firm's stock. The required return is 16.34%. Consider the following information which relates to a given company: Item 2019 Value Earnings Per Share $6.52 Price Per Share (Common Stock) $40.83 Book Value (Common Stock Equity) $63.36 million Total Common Stock Outstanding 2.15 million Dividend Per Share $3.85 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.29% in the future, or possibly 7.03% for the next 2 years and 5.9% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 8.46% to 10.7%. Currently, the risk-free rate is 5.19%. Required: Assuming a constant annual 7.03% growth rate in dividends per share over the next two years and 5.9% thereafter, find the value per share of the firm's stock. The required return is 16.34%