The market consensus is that Analog Electronic Corporation has an ROE $=13\%$ and a beta of $2\mathrm{.}00$ and plans to maintain indefinitely its traditional plowback ratio of $3/5.$ This year$$s earnings were $$3\mathrm{.}40$ per share. The annual dividend was just paid. The consensus estimate of the coming year$$s market return is $11\%,$ and T$-$bills currently offer a $5\%$ return.

Required:

A$.$ Find the price at which Analog stock should sell.

B$.$ Calculate the leading and trailing P$/$E ratio.

C$.$ Calculate the present value of growth opportunities.

D$.$ Suppose your research convinces you Analog will announce momentarily that it will immediately reduce its plowback ratio to $2/5.$ Find the intrinsic value of the stock.