Even Better Products 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 0.40. Its projected earnings are $2 per share. Investors expect a 12% rate of return on the stock. a. At what price and P/E ratio would you expect the firm to sell? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Price P/E ratio b. What is the present value of growth opportunities? (Do not round intermediate calculations. Round your answer to 2 decimal places.) PVGO c. What would be the PE ratio and the present value of growth opportunities if the firm planned to reinvest only 10% of its earnings? (Do not round intermediate calculations. Round your answers to 2 decimal places.) P/E ratio PVGO The market capitalization rate for Admiral Motors Company is 9%. its expected ROE is 10% and its expected EPS is $5. The firm's plowback ratio is 40% a. Calculate the growth rate. (Input your answer as a nearest whole percent.) Growth rate b. What will be its P/E ratio? (Do not round intermediate calculations.) P/E ratio