PROBLEMS: 3) (30 points) The firm's ROE is expected to be 25%, and its plowback ratio is 0.30. Its earnings this year will be $4 per share. Investors expect a 12% rate of return on the stock. a. At what price would you expect the firm to sell? b. At what P/E ratio would you expect the firm to sell? c. What is the present value of growth opportunities for the firm? d. What price do you expect the firm shares to sell for in 4 years