The market consensus is that Post-it Molane Corporation has an ROE of 11% and a beta of 2.00. It plans to maintain indefinitely its traditional plowback ratio of 3/5. This year's earnings were $2.4 per share. The annual dividend was just paid. The consensus estimate of the coming year's market return is 16%, and T-bills currently offer a 5% return. Required: a. Find the price at which Post-it Molane stock should sell. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price b. Calculate the P/E ratio. [Leading P/E = PO / E1, Trailing P/E = PO / EO](Do not round intermediate calculations. Round your answers to 2 decimal places.) P/E ratio Leading Trailing 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.) PVGO d. Suppose your research convinces you Post-it Molane 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.e., E1). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Intrinsic value of the stock