Justified PB

An analyst gathered the following information regarding Jemco Pharmaceuticals' stock:

Current stock price $=$$$13\mathrm{.}00$

Book value per share $=$$$3\mathrm{.}25$

Return on equity $=10\%$

Sustainable growth rate $=3\%.$

Required return on equity $=8\%$

a$.$ The stock's actual $\frac{P}{B}$ multiple is:

Round your answer to one decimal

b$.$ The justified P$/$B multiple based on forecasted fundamentals is:

Round your answer to one decimal