One year ago you purchased 100 shares of Dog Bites common stock for $25. You received dividends of $.70 per share and just sold the shares for $26.25 each. Your marginal personal tax rate is 40%, your dividend tax rate is 30%, and capital gains are taxed at 50% of your personal rate. a-1. What is your before-tax rate of return? (Round your answer 2 decimal places.) Before-tax rate of return 7.8 a-2. What is your after-tax rate of return? (Round your answer to 2 decimal places.) After-tax rate of return 3.96 X % Web Cites Research projects a rate of retum of 20% on new projects. Management plans to plow back 30% of all earnings into the firm. Earnings this year will be $2 per share, and investors expect a 12 rate of return on the stock. a. What is the sustainable growth rate? (Round your answer to 2 decimal places.) Sustainable growth rate 6.00 b. What is the stock price? (Round your answer to the nearest cent.) Stack price 23.33 c. What is the present value of growth opportunities? (Do not round Intermediate calculations. Round your answer to the nearest cent.) Present value of growth opportunities 15 6.68 d. What is the PE ratio? (Do not round Intermediate calculations. Round your answer to 3 decimal places.) PIE ratio 11.670 e. Whet would the price and PE ratio be if the firm paid out all earnings as dividends? (Do not round Intermediate calculations. Round your answer to 3 decimal places.) S Price PE ratio 16.670 8.3303