Problem 7-36 P/E Ratios (LO2) No-Growth Industries pays out all of its eamings as dividends. It will pay its next $6 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