The following data were collected for Nile Inc. in early 2020: Interest expense $0.1 billion Earnings $12 billion Equity market value $198 billion Equity book value $50 billion Debt book value $25 billion Calculate Niles levered and unlevered P/E ratios.

Levered P/E = 18.4; unlevered P/E = 16.5

Levered P/E = 4.2; unlevered P/E = 6.2

Levered P/E = 6.2; unlevered P/E = 4.2

Levered P/E = 16.5; unlevered P/E = 18.4