You are a financial analyst at Bank of America and you have collected following information for Lotus Tech Company. The company has beta of 1.5 and a ROE of 20%. The dividend payout ratio is 50%. Last twelve month earnings were $4 per share. The annual dividend was just paid. The consensus estimate of the coming years market return is 13%, and T-bills currently offer a 8% return.

(keep two decimal places please.) a. What is the required rate of return of the stock? (input format: 15.32%) a2. What is the growth rate of the stock? (input format: 15.32%) b. What is the intrinsic value of the stock? (input format: $15.32) c. What is PVGO of the stock? (input format: $15.32) d. Suppose your research convinces you that company will announce momentarily that it will immediately change its dividend payout ratio to 40%. Find the intrinsic value of the stock. (input format: $15.32)