Pacific Energy Company has a new project that will generate additional earnings of $$112,000$ each year in perpetuity. Calculate the new PE ratio of the company. $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$ perpetuity. Calculate the new PE ratio of the firm. $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$