Lauren Entertainment, Inc., has an $17$ percent annual growth rate

compared to the market rate of $8$ percent. If the market multiple is

$15,$ determine P$/$E ratios for Lauren Entertainment, Inc., assuming

its dividend yield is zero, its beta is $1\mathrm{.}00$ and you feel it can

maintain its superior growth rate for:the next $16$ years. Do not round intermediate calculations. Round

your answer to two decimal places.$$the next $8$ years. Do not round intermediate calculations. Round

your answer to two decimal places.$$