b. Your client is considering investing in Bell Limited. The following financial information was provided to you to assist your client with her decision. Operating profit 10% Long Term Loan 2021 ($) 3 million 2022 ($) 1 million 1.5 million 1 million 3 million Share capital (issued share price at $3 per share) Retained earnings - opening Total dividends paid 1.75 million 0.4 million Average market share price 3.50 3 million 3.802 million 1.5 million 2.50 Other information: The corporate tax rate is at 28%. Required: Calculate for each year the: 1. Gearing Ratio 2. Price/Earnings Ratio (12 marks)