[UPSC CSE 2004] Semiconductors/Solar cell (Q252, 20M)

A transistor with \beta = 50, V_{BE} = 0.7\text{ V}, V_{CC} = 22.5\text{ V} and R_c = 5.6\text{ k}\Omega is used in biasing circuit as shown in the figure. It is designed to establish the quiescent potential at V_{CE} = 12\text{ V}, I_C = 1.5\text{ mA} and stability factor S \le 3. Find the values of resistors R_E, R_1 and R_2, where symbols have their usual meanings.