$****$ Please Help$*******$

Even Better Products has come out with an even better product. As a result, the firm projects an ROE of $20\%,$ and it will maintain a plowback ratio of $0\mathrm{.}40.$ Its earnings this year will be $$2$ per share. Investors expect a $13\%$ rate of return on the stock.

Required:

a$.$ At what price and P$/$E ratio would you expect the firm to sell? $($Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$

b$.$ What is the present value of growth opportunities? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

c$.$ What would be the P$/$E ratio and the present value of growth opportunities if the firm planned to reinvest only $30\%$ of its earnings? $($Do not round intermediate calculations. Round your answers to $2$ decimal places.$)$