Lauren Entertainment, Inc., has an 17 percent annual growth rate compared to the market rate of 8 percent. If the market multiple is 20, 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:

1. the next 12 years. Do not round intermediate calculations. Round your answer to two decimal places.

2. the next 6 years. Do not round intermediate calculations. Round your answer to two decimal places.