ART has come out with a new and improved product. As a result, the firm projects an ROE of 20%, and it will maintain a plowback ratio of 0.35. Its earnings this year will be $3.0 per share. Investors expect a 15% rate of return on the stock. What price do you expect ART shares to sell for in 4 years? Multiple Choice $29.86 $62.02 $31.95 $34.95