The market capitalization rate for Admiral Motors Company is $8\%.$ Its expected ROE is $10\%$ and its expected EPS is $$5.$ The firm's plowback ratio is $60\%.$

Required:

a$.$ Calculate the growth rate. $($Input your answer as a nearest whole percent.$)$

Growth rate

$\%$

b$.$ What will be its P$/$E ratio? $($Do not round intermediate calculations.$)$

$\frac{P}{E}$ ratio