The market consensus is that Analog Electronic Corporation has an ROE of 9% and a beta of 1.60. It plans to maintain indefinitely its traditional plowback ratio of 3/5. This year's earnings were $2.5 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.) b. Calculate the P/E ratio. [Leading P/E=P0/E1, Trailing P/E=P0/E0 ] (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.) to 2 decimal places.) c. Calculate the present value of growth opportunitles. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) 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. NOTE: assume that the immediate reduction in plowback ratio will impact next year's earings (i.e1,E1). (Do not round intermediate calculations. Round your answer to 2 decimal places.)