Integrative-Risk and valuation Giant Enterprises' stock has a required return of 16.1%. The company, which plans to pay a dividend of $2.25 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 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. i Data Table a. If the risk-free rate is 6%, the risk premium on Giant's stock is %. (Round to one decimal place.) X (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year 2019 2018 2017 2016 2015 2014 2013 Dividend per Share e $2.12 $2.00 $1.89 $1.78 $1.68 $1.59 $1.50