Consider Pacific Energy Company and Atlantic Energy, Incorporated, both of which reported eamings of $$961,000.$ Without new projects, both firms will continue to generate eamings of $$961,000$ in perpetuity. Assume that all earnings are paid as dividends and that both firms require a return of $14$ percent.

a$.$ What is the current PE ratio for each company? $($Do not round intermediate colculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ Pacific Energy Company has a new project that will generate additional earnings of $$111,000$ 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$.,32\mathrm{.}16.)$

c$.$ Atlantic Energy has a new project that will increase earnings by $$211,000$ in perpetuity. Caiculate the new PE ratio of the firm. $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$a$.$ PE ratio,,times$],[$b$.$ PE ratio,,times$],[$c$.$ PE ratio,,times$]]$