Consider Pacific Energy Company and US Bluechips Inc, both of which reported an earnings of $954,000. Without new projects, both firms will continue to generate earnings of $954,000 in perpetuity. Assume that all earnings are paid as dividends and both firms require a return of 14%. (do not round intermediate calculations and round your answers to 2 decimal places). What is the current PE ratio for each company? Price / Earnings Pacific Energy Company has a new project that will generate additional earnings of $104,000 each head in perpetuity . Calculate the new PE ratio of the company US Bluechips had a new project that will increase earnings by $204,000 in perpetuity Calculate the new PE ratio of the company