A company has expected earnings of $3 per share for next year. The firm's ROE is 15%. and its dividend payout ratio is 40%. If the stock's market capitalization rate is 10%, What is the present value of its growth opportunities (PVGO)? What is the stock's P/E ratio? (Bonus Credit) If the required rate of return of this stock increase to 18%, management team decides to adjust its dividend payout ratio to maximize share price. Assuming all else being equal, what should he the stock price after the adjustment