$1.$ ABC's ROE is $16\%,$ its cost of equity is $12\mathrm{.}5\%,$ and it is expected to grow at a $4\%$ rate. ABC is expected to earn $$3\mathrm{.}60$ per share next year.

a$.$ What is the value of ABC's stock?

b$.$ What is the present value of the growth opportunity?

c$.$ Assume that the growth rate is only $2\mathrm{.}5\%.$ What is the appropriate P$/$E multiple for ABC stock? Do it on excel