Web Cites Research projects a rate of return of 20% on new projects. Management plans to plow back 30% of all earnings into the firm. Earnings this year will be $2 per share, and investors expect a 12% rate of return on the stock. a. What is the sustainable growth rate? (Round your answer to 2 decimal places.) Sustainable growth rate 6.00 % b. What is the stock price? (Round your answer to the nearest cent.) Stock price $ 23.33 c. What is the present value of growth opportunities? (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value of growth opportunities $ 6.66 c. What is the present value of growth opportunities? (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value of growth opportunities $ 6.66 d. What is the P/E ratio? (Do not round intermediate calculations. Round your answer to 3 decimal places.) P/E ratio 11.665 e. What would the price and P/E ratio be if the firm paid out all earnings as dividends? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Price 25.000 X P/E ratio 8.333