Integrative Risk and valuation Giant Enterprises' stock has a required return of 17.2%. The company, which plans to pay a dividend of $2.41 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 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. *** a. If the risk-free rate is 7%, the risk premium on Giant's stock is %. (Round to one decimal place.) b. Using the constant-growth model, the value of Giant's stock is $. (Round to the nearest cent.) c. Explain what effect, if any, a decrease in the risk premium would have on the value of Giant's stock. (Select from the drop-down menus.) 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 $2.27 2021 $2.14 2020 $2.02 2019 $1.91 2018 $1.80 2017 $1.70 2016 $1.60 Print Done - X