Please respond to ALL parts completely, clearly, and correctly. Please show all work and let all final answers be shown clearly. Questions 18 & 19. Will thumbs up if ALL parts are correct! thanks!

18. Even Better Products has come out with a new and improved product. As a result, the firm projects an ROE of 20%, and it will maintain a plowback ratio of 30 . Its eamings this year will be $2 per share. Investors expect a 12% rate of return on the stock. (LO 13-3) a. At what price and P/E ratio would you expect the firm to sell? b. What is the present value of growth opportunities? c. What would be the P/E ratio and the present value of growth opportunities if the firm planned to reinvest only 20% of its earnings? 19. a. MF Corp. has an ROE of 16% and a plowback natio of 50%. If the coming year's earnings are expected to be \$2 per share, at what price will the stock sell? The market capitalization rate is 12%. b. What price do you expect MF shares to sell for in three years? (LO132)