Lauren Entertainment, Inc., has an 15 percent annual growth rate compared to the market rate of 9 percent. If the market multiple is 15, determine P/E ratios for Lauren Entertainment, Inc., assuming its dividend yield is zero, its beta is 1.00 and you feel it can maintain its superior growth rate for: a. the next 16 years. Do not round intermediate calculations. Round your answer to two decimal places. b. the next 8 years. Do not round intermediate calculations. Round your answer to two decimal places.