The market consensus is that Analog Electronic Corporation has an ROE of 9%, has a beta of 1.25, and plans to maintain indefinitely its traditional plowback ratio of 2/3. This year's earnings were $3/share. The annual dividend was just paid. The consensus estimate of the coming year's market return is 14% p.a. and T-Bills currently offer a return of 6% p.a. a) Find the price at which Analog stock should sell. b) Calculate the P/E ratio