Imtergrative-- risk and valuation

Integrative-Risk and valuation Giant Enterprises' stock has a required return of 16.9%. The company, which plans to pay a dividend of $2.56 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: a. If the risk-free rate is 7%, 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. (Click on the icon here into a spieadsheet)