Elk County Telephone has paid the dividends shown in the following table over the previous 6 years: The firm's dividend per share next year is expected to be $8.51. a. If you can earn 11% on similar-risk investments, what is the most you would be willing to pay per share? b. If you can earn only 8% 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 11% on similar-risk investments, the most you would be willing to pay per share is $. (Round to the nearest cent.)