Consider Pacific Energy Company and Atlantic Energy, Incorporated, both of which reported earnings of $790,000. Without new projects, both firms will continue to generate earnings of $790,000 in perpetuity. Assume that all earnings are paid as dividends and that both firms require a return of 11 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