Even Better Products has come out with a new and improved product. As a result, the firm projects an ROE of 30%, and it will maintain a plow back ratio of 0.30. Its projected earnings are $3 per share. Investors expect a 16% 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 o growth opportunities the firm planned to re est on y 20% of ts earnings Do not round intermediate Calculations. Round your answers to 2 decimal places.) PIE ratio PVGO