Giant Enterprises' stock has a required return of 14.3%. The company, which plans to pay a dividend of $2.37 per share in the coming year, anticipates that its future dividends will increase at an annual rate consistent with that experienced over 2013-2019 period, when the following dividends were paid: Year Dividend per Share 2019 $2.21 2018 $2.07 2017 $1.93 2016 $1.81 2015 $1.69 2014 $1.58 2013 $1.48 a.If the risk-free rate is 5%, what is the risk premium on Giant's stock? b.Using the constant-growth model, estimate the value of Giant's stock.(Hint:Round the computed dividend growth rate to the nearest whole percent.) c.Explain what effect, if any, a decrease in the risk premium would have on the value of Giant's stock.