Castles in the Sand generates a rate of return of 10% on its investments and maintains a plowback ratio of 0.30. Its earnings this year will be $4 per share. Investors expect a rate of return of 8% on the stock. Find the price and P/E ratio of the firm. (Do not round Intermediate calculation. Nound your answers to 2 decimal places.) DIE cate b. Find the price and PE ratio the firm if the plowback ratio is reduced to 0.20 (Do not round Intermediate calculations. Round your answers to 2 decimal pinces.) Proco Stormy Weather has no attractive investment opportunities. Its return on equity equals the discount rate, which is 5'. Its expected earnings this year are $4 per share. Complete the following tobie (Do not round Intermediate cnicuintions. Found growth inte to two decimal places) Pluwak Son La Stock Price PER 0 030 0.BD