Currently, the dividend-payout ratio (D/E) for the aggregate market is 60 percent, the required return (k) is 9 percent, and the expected growth rate for dividends (g) is 3 percent. Round your answers to two decimal places. a. Compute the current earnings multiplier. x b. You expect the D/E payout ratio to decline to 55 percent, but you assume there will be no other changes. What will be the P/E ? x