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 plowback ratio of $0\mathrm{.}30.$ 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 P$/$E ratio and the present value of growth opportunities if the firm planned to reinvest only $20\%$ of its earnings? $($Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$

P$/$E ratio

PVGO $