The stock of Pills Berry Company is currently selling at $95 per share. The firm pays a dividend of $3.10 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.)

Dividend yield

b.If the firm has a payout rate of 25 percent, what is the firm's P/E ratio?(Do not round intermediate calculations and round your answer to 2 decimal places.)

P/E ratio _______ times