Question #2: Stock Valuation [10 Points] Maxim Integrated Products has paid a constant annual dividend payment of $1.80 per share. Suppose that you expect that Maxim Integrated Products will continue to pay this constant dividend payment for the foreseeable future. (a) What is the most you would be willing to pay for a share of Maxim Integrated Products if you have a required return of 9.4%? Round your answer to two decimal places. [4 Points] (b) Suppose that the board of directors of Maxim Integrated Products makes a surprise announcement that they plan to grow the dividend payment to 3.33% annually (g = 0.0333) from now on. Given this new information, what is the most you would be willing to pay for a share of Maxim Integrated Products if you have a required return of 9.4%? Round your answer to two decimal places. [6 Points]