Castles in the Sand generates a rate of return of 20% on its investments and maintains a plowback ratio of 0.50. Its earnings this year will be $4 per share Investors expect a rate of return of 15% on the stock. .. Find the price and P/E ratio of the firm. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Price P/E ratio b. Find the price and P/E ratio of the firm if the plowback ratio is reduced to 0.40. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Price P/E ratio