Integrative-Risk and valuation Giant Enterprises' stock has a required return of 12.8%. The company, which plans to pay a dividend of $1.57 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 3%, 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 3%, 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 s (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.) A decrease in the risk premium would the required rate of return, which in turn would the price of the stock. Data Table (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 Dividend per Share o 2019 $1.48 2018 $1.40 2017 $1.32 2016 $1.24 2015 $1.17 2014 $1.11 2013 $1.04