No$-$Growth Industries pays out all of its earnings as dividends. It will pay its next $$4$ per share dividend in a year. The discount rate is $15\%.$

a$.$ What is the price$-$earnings ratio of the company?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

P$/$E ratio

b$.$ What would the P$/$E ratio be if the discount rate were $10\%?$

Note: Round your answer to $2$ decimal places.

P$/$E ratio