The stock of Pills Berry Company is currently selling at $70 per share. The firm pays a dividend of $2.60 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 40 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