Integrative Risk and valuation Giant Enterprises' stock has a required return of 14.7%. The company, which plans to pay a dividend of $2.16 per share in the coming year, anticipates that its future dividends will increase at an annual rate consistent with that experienced over 2016-2022 period, when the following dividends were paid: a. If the risk-free rate is 6%, 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. a. If the risk-free rate is 6%, the risk premium on Giant's stock is %. (Round to one decimal place.) Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Year Dividend per Share 2022 $2.04 2021 $1.92 2020 $1.81 2019 $1.71 2018 $1.61 2017 $1.52 2016 $1.44 Print Done