a. ME Corp. has an ROE of 16% and a plowback ratio of 50%. If the coming year's earnings are expected to be $3 per share, at what price will the stock sell? The market capitalization rate is 11%. (Round your answer to 2 decimal places. Do not round intermediate calculations.) Price $ 62.99 b. What price do you expect MF shares to sell for in three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price