Giant Enterprises stock has a required return of 14.8%. The company, which plans to pay a dividend of $2.60 per share in the com-ing year, anticipates that its future dividends will increase at an annual rate consis-tent with that experienced over the 20162022 period, when dividends increased from $1.73 to $2.45. a. If the risk-free rate is 4%, what is the risk premium on Giants stock? b. Using the constant-growth dividend model, estimate the value of Giants stock. c. Explain what effect, if any, a decrease in the risk premium would have on the value of Giants stock.