Consider the following information which relates to a given company: 2019 Value $6.96 $41.68 Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $56 Million Million 2.3 $3.73 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 6% in the future, or possibly 9% for the next 2 years and 7% 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 8.1% to 12%. Currently, the risk-free rate is 5%. Required: (a) Determine the firm's current book value per share. (b) Determine the firm's P/E ratio. (c) Determine the current required return for the firm's stock. (d) Determine the new required return for the firm's stock. (e) Assuming no growth in future dividends, and a required return of 16.09%, find the value per share of the firm's stock. (f) Assuming a constant annual 6% growth rate in future dividends, find the value per share of the firm's stock. The required return is 16.09%. (9) Assuming a constant annual 9% growth rate in dividends per share over the next two years and 7% thereafter, find the value per share of the firm's stock. The required return is 16.09%