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 0.30. Its earnings this year will be $2 per share. Investors expect a 11% 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.) Answer is complete and correct. Price $ P/E ratio 28.00 14.00 b. What is the present value of growth opportunities? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete and correct. PVGO $ 9.81 c. What would be the P/E ratio and the present value of growth opportunities if the firm planned to reinvest only 25% of its earnings? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is not complete. P/E ratio PVGO