Integrative-Risk and valuation Giant Enterprises' stock has a required return of 14.9%. The company, which plans to pay a dividend of $1.89 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: E 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. a. If the risk-free rate is 5%, the risk premium on Giant's stock is%. (Round to one decimal place.) Data Table 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-dow (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) A decrease in the risk premium would V the price of the stock the required rate of return, which in turn would IT Dividend per Share $1.82 $1.75 $1.68 $1.62 $1.55 $1.49 Year 2019 2018 2017 2016 2015 2014 $1.44 2013 Enter your answer in each of the answer boxes