No-Growth Industries pays out all of its earnings as dividends. It will pay its next $7 per share dividend in a year. The discount rate is 21%. a. What is the price-earnings ratio of the company? (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 20%? (Round your answer to 2 decimal places.) P/E ratio