Analog Corp has an ROE of 12% and a beta of 1.5. It plans to maintain indefinitely its traditional plowback ratio of 0.6. This year's earnings were $2.50 per share. The annual dividend was just paid. The consensus estimate of the coming year's market return is 10%, and the T-Bills currently offer a 4% yield. Find the price at which Analog's stock should sell. Calculate the P/E ratio. Calculate the present value of growth opportunities. Suppose your information suggest that the company will be reducing its plowback to 0.4. Find the intrinsic value of the stock if the cutback takes effect immediately