ton Common stock value Variable growth Newman Manufacturing is considering a cash purchase of the work of Grips Tool. During the you just completed, Orios camad 4.1 per she and paid can dode of $2.4 per 10,- 52.44). Grips camings and dividends are expected to grow at 20% per year for the next 3 years, ther which they are expected to grow 7 per year to winny What is the main price per share that we should pay trips tras a required return of 12% on investments with risk characteristics similar to those of Grips? The maximum price per share that Newman should pay for Gripsi (Round to the nearest cent)