NNR, which markets cleaning chemicals, insecticides, and other products, paid dividends of $3.00 per share on earnings of $5.00 per share. The book value of equity per share was $50.00, and earnings are expected to grow 4 percent a year in the long term. The stock has a beta of 1.15, and sells for $60 per share. The Treasury bond rate is 5.5 percent and MRP is 4%. a. Based on these inputs, estimate the price/book value ratio for NNR. b. Is the firm over or under-valued? c. How much would the return on equity have to increase to justify the price/book value ratio at which NNR sells for currently