Suppose that you are the CEO and have 50% +1 share of ownership of the firm, James Cobin Co, headquartered in Toronto, Ontario, producing semi-conductor for IT firms mainly in Silicon Vally, California. Your firm is considering a new project and the rate of return on the new project is expected to 16.5 percent. You plan to plow back of 28%. The earning per share is expected to $6.5 per share and the market expects 12% return on the stock. a. Compute the growth rate of dividend. b. Compute the stock price. C. Compute P/E ratio. d. Compute the present value of growth opportunity. e. What happens to the P/E ratio if the plowback ratio is reduced? Why