The market consensus is that Analog Electronic Corporation has an ROE =10%, a beta of 1.35, and plans to maintain indefinitely its traditional plowback ratio of 1/4. This year's earnings were $2.80 per share. The annuat dividend was just paid. The consensus estimste of the coming year's market return is 12%, and T-blils 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.) b. Calculate the P/E ratio. (Do not round intermediate calculations. Round your answers to 2 decimal places.) c. Caiculate 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.) d. Suppose your research convinces you Analog will announce momentarily that it will immediately reduce its plowback ratio to 3/4. Find the intrinsic value of the stock, (Do not round intermediate calculations. Round your answer to 2 decimal places.)