18. Even Better Products has come out with a new and improved product. As a result, the firm projects an ROE of 20%, and it will maintain a plowback ratio of .30. Its earnings this year will be $2 per share. Investors expect a 12% rate of return on the stock. (LO 13-3) a. sell? At what price and P/E ratio would you expect the firm to b. What is the present value of growth opportunities? C. What would be the P/E ratio and the present value of growth opportunities if the firm planned to reinvest only 20% of its earnings