please help

16. Company Alpha has developed a new and improved product. As a result, the company projects a ROE of 20%, and it maintains a plowback ratio of 0.30. Its earnings this year are expected to be $2 per share. Investors expect a 12% rate of return on its stock. The current market price of the company's stock is $20 per share. (a) Calculate the intrinsic value for the company's stock using the constant-growth Dividend Discount Model (DDM). (1 mark) (b) Calculate the present value of the growth opportunities (PVGO) for the company's stock. (1 mark) (C) Will the present value of growth opportunities for the company's stock increase, decrease, or remain unchanged if the company's plowback ratio changes from 0.30 to 0.20? (1 mark)