68. ART has come out with a new and improved product. As a result, the firm projects an ROE of 25%, and it will maintain a plowback ratio of .20. Its earnings NEXT YEAR will be $3 per share. Investors expect a 12% rate of return on the stock. a) determine firms growth b)at what price would you expect art to sell? c)what's the present value of growth opportunities for ART? d) At what p/e ratio would you expect ART to sell?