The market consensus is that Analog Electronic Corporation has an ROE of $9\%$ and a beta of $1\mathrm{.}25.$ It plans to minimize indefinitely its traditional plowback ratio of $2/3.$ This years earnings were $$3$ per share. The annual dividend was just paid. The consensus estimate of the coming year's market return is $14\%$ and Tbills currently offer $6\%$ return. Suppose your research convinces you Analog will announce momentarily that it will immediately reduce its plowback ratio $1/3$