Adobe Systems has come out with a new and improved product. As a result, the firm projects an ROE of 22.5%, and it will maintain a plowback ratio of .50. Its projected earnings are $3.75 per share....

Adobe Systems has come out with a new and improved product.  As a result, the firm projects an ROE of 22.5%, and it will maintain a plowback ratio of .50.  Its projected earnings are $3.75 per share. Investors expect an 18% rate of return on the stock.

At what price and P/E ratio would you expect the firm to sell and what is the preset value of growth opportunities?