The stock of Pills Berry Company is currently selling at $$65$ per share. The firm pays a dividend of $$2\mathrm{.}20$ per share.

a$.$ What is the annual dividend yield? $($Do not round intermediate calculations. Input your answer as a percent rounded to $2$ decimal places.$)$

b$.$ If the firm has a payout rate of $40$ percent, what is the firm$$s P$/$E ratio? $($Do not round intermediate calculations and round your answer to $2$ decimal places.$)$