Even Better Products has come out with an even better product. As a result, the firm projects an ROE of 20%, and it will maintain a plowback ratio of 0.40. Its earnings this year will be $3 per share. Investors expect a 16% rate of return on the stock. Required: 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.) b. What is the present value of growth opportunities? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. What would be the P/E ratio and the present value of growth opportunities if