No-Growth Industries pays out all of its earnings as dividends. It will pay its next $2 per share dividend in a year. The discount rate is 10%. 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 4%? Note: Round your answer to 2 decimal places. P/E ratio