No-Growth Industries pays out all of its earnings as dividends. It will pay its next $6 per share dividend in a year. The discount rate is 14%. a. What is the price-earnings ratio of the company? (Do...

No-Growth Industries pays out all of its earnings as dividends. It will pay its next $6 per share dividend in a year. The discount rate is 14%.

a.
What is the price-earnings ratio of the company?
(Do not round intermediate calculations. Round your answer to 2 decimal places.)

b.
What would the P/E ratio be if the discount rate were 10%?
(Round your answer to 2 decimal places.)