3. The market consensus is that Analog Electronic Corporation has an ROE-10% and a beta of 2.15. It plans to maintain indefinitely its traditional plowback ratio of 3/4. This year's earnings were $3.9 per share. The annual dividend was just paid. The consensus estimate of the coming year's market return is 16%, and T-bills currently offer a 6% return. a) Find the price at which Analog stock should sell. b) Calculate the leading and trailing P/E ratio. c) Calculate the present value of growth opportunities. (Negative amount should be indicated by a minus sign.) d) Suppose your research convinces you Analog will announce momentarily that it will immediately reduce its plowback ratio to 1/4. Find the intrinsic value of the stock