Assume the following information for Company A;

Variable	High Growth Phase	Stable Growth Phase
Expected Growth Rate	16%	5%
Payout Ratio	18%	40%
Beta	0.9	0.9
Number of Years	6	Forever after year 6

If the risk-free rate is 4% and the market has an expected return of 13.4%;

a) What is the P/E ratio? (Round your answer to two decimals).

b) What is the PEG ratio? (Round your answer to two decimals).

Please show all calculations!!