You've been assigned to analyze the firm Pieters Corp. by looking at their P/E ratio. You can assume that dividends and earnings will grow at a constant rate of 13% per year and it's plowback ratio is 10%. It's required cost of capital is 14%. (a) (5 pts) What would the P/E ratio be for Pieter's Corp (b) (5 pts) Let's suppose that you get news that lead you to believe that Pieter's Corp is riskier than you first thought. First what value would this impact and what would it do to Pieter's Corps estimated price to earnings ratio (c) (5 pts) Suppose that a colleague disagrees with you and believes that dividends and earnings will only grow at 10% per year. What is the new P/E ratio? 3 (d) (5 pts) Suppose that due to interest rate hikes, treasury bond yields increase. What should this do to the P/E ratio of Pieter's Corp? Why