Consider Pacific Energy Company and U.S. Bluechips, Inc., both of which reported earnings of $969,000 Without new projects, both firms will continue to generate earnings of $969,000 in perpetuity. Assume that all earnings are paid as dividends and that both firms require a retun of 12 percent What is the your answer to 2 decimal places, e.g, 32.16.) a. current PE ratio for each company? (Do not round intermediate calculations and round PE ratio times b. Pacific Energy Company has a new project that will generate additional earnings of $119,000 each year n 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.) PE ratio times c. U.S. Bluechips has a new project that will increase earnings by $219,000 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.) PE ratio oa