Check my work Castles in the Sand generates a rate of return of 15% on its investments and maintains a plowback ratio of 0.40. Its earnings this year will be $3 per share. Investors expect a rate of return of 12% on the stock a. 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 rabo b. Find the price and P/E ratio of the firm if the plowback ratio is reduced to 0.30. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Price PE ratio