Big Industries has the following market value balance sheet. The stock currently sells for $20 a share, and there are 1,140 shares outstanding. The firm will either pay a dividend of $1 per share or repurchase $1,140 worth of stock. Ignore taxes. Assets Cash Fixed assets Liabilities and Equity Debt $ 10,700 Equity 22,800 $ 4,800 28,700 e. Find the price-earnings ratio if the firm pays a dividend. (Round your answer to 2 decimal places.) Price-earnings ratio f. Find the price-earnings ratio if the firm repurchases stock. (Round your answer to 2 decimal places.) Price-earnings ratio to sell at g. Adherents of the "dividends-are-good" school sometimes point to the fact that stocks high dividend payout ratios ten above-average price-earnings multiples. Is Big Industries' P/E ratio higher if it pays a dividend? O Yes O No