Common stock valuelong dash—Variable growth. Newman manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just? completed, Grips earned ?$3.963.96 per share and paid cash dividends of ?$2.262.26 per share ?(D0equals=$ 2.26$2.26?). ? Grips' earnings and dividends are expected to grow at 2020?% per year for the next 3? years, after which they are expected to grow 77?% per year to infinity. What is the maximum price per share that Newman should pay for Grips if it has a required return of 1414?% on investments with risk characteristics similar to those of? Grips? The maximum price per share that Newman should pay for Grips is ?$ nothing. ?(Round to the nearest? cent.)