Consider Pacific Energy Company and Atlantic Energy, Incorporated, both of which reported earnings of $955,000. Without new projects, both firms will continue to generate earnings of $955,000 in perpetuity. Assume that all earnings are paid as dividends and that both firms require a return of 13 percent. a. What is the current PE ratio for each company? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Pacific Energy Company has a new project that will generate additional earnings of $105,000 each year in perpetuity. Calculate the new PE ratio of the company. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. Atlantic Energy has a new project that will increase earnings by $205,000 in perpetuity. Calculate the new PE ratio of the firm. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. PE ratio b. PE ratio c. PE ratio 7.69 times times times