The market consensus is that Analog Electronic Corporation has an ROE = 13%, has a beta of 2.15, and plans to maintain indefinitely its traditional plowback ratio of 1/4. This year's earnings were $3.70 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 6% 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.)

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

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.)