a$)$ You are planning to takeover a company, Company X$,$ and you have gathered the followingdata of the stock:Current period earnings: $5.$ ROE: $8\%$Beta: $1\mathrm{.}5$Risk free rate: $2\%$Market risk premium: $5\%$ Plowback ratio: $70\%$Based on the above information,i$.$ What is the current price of the stock?ii$.$ What is the present value of growth opportunities?