Consider Pacific Energy Company and U$.$S$.$ Bluechips, Inc., both of which reported earnings of $$962,000.$ Without new projects, both firms will continue to generate earnings of $$962,000$ in perpetuity. Assume that all earnings are paid as dividends and that both firms require a return of $12$ 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$.,32\mathrm{.}16.)$

b$.$ Pacific Energy Company has a new project that will generate additional earnings of $$112,000$ 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$.$ U$.$S$.$ Bluechips has a new project that will increase earnings by $$212,000$ 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$.,32\mathrm{.}16.)$