Question# 1 company has expected earnings of$3 per share for next year. The firm's ROE is 15% and its dividend payout ratio is 40%. If the stock's market capitalization rate is 10%. 1) What is the present value of its growth opportunities (PVGO) (10 credits)? lo 2) What is the stock's P/E ratio (10 credits)? Lt S (Bonus Credit) If the required rate of return of this stock increase to 18%, management team decides to adjust its dividend payout ratio to maximize share price. Assuming all else being equal, what should be the stock price after the adjustment (5 credits)? )