Problem 18-10 The market consensus is that Analog Electronic Corporation has an ROE = 10%, a beta of 1.35, and plans to maintain indefinitely its traditional plowback ratio of 1/4. This year's earnings were $2.80 per share. The annual dividend was just paid. The consensus estimate of the coming year's market return is 12%, and T-bills currently offer a 6% return a. Find the price at which Analog stock should selt. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Prices 18.56 b. Calculate the P/E ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Leading Trailing P/E Ratio 6.47 6.63 c. Calculate the present value of growth opportunitles. (Negative amount should be indicated by a minus sign. Do not round Intermediate calculations. Round your answer to 2 decimal places.) PVGO 3 40.76) d. Suppose your research convinces you Analog will announce momentarily that it will immediately change its plowback ratio to 3/4 Find the intrinsic value of the stock. (Do not round intermediate calculations. Hound your answer to 2 decimal places.) Invincia