The current earnings of Video Inc. are $2 per share and it has just paid an annual dividend of $0.40. You forecast that the company will continue to plowback 80% of its earnings for the next 2 years and that both earnings and dividends will grow at 25% per year for that period. From year 3 on, you expect the subsequent growth rate to be 8%. If the capitalization rate for this stock is 15%, calculate the price and the P/E ratio. Please show all steps. Don't round off until you get to the end.