roblem $7-36$ P$/$E Ratios $($LO$2)$

Jo$-$Growth Industries pays out all of its earnings as dividends. It will pay its next $$3$ per share dividend in a year. The discount rate is $0\%.$

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 $5\%?$

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

P$/$E ratio