The market consensus is that Analog Electronic Corporation has an ROE = 13%, a beta of 1.80, and plans to maintain indefinitely its traditional plowback ratio of 2/4. This year's earnings were $3.10 per share. The annual dividend was just paid. The consensus estimate of the coming year's market return is 14%, and T-bills currently offer a 5% return.

a. Find the price at which Analog stock should sell. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price $

b. Calculate the P/E ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

	P/E Ratio
Leading
Trailing

c. Calculate the present value of growth opportunities. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

PVGO $

d. Suppose your research convinces you Analog will announce momentarily that it will immediately reduce its plowback ratio to 2/4. Find the intrinsic value of the stock. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Intrinsic value $

e. Not available in Connect.