ve Subm 1 33.33 points Consider Pacific Energy Company and US. Bluechips, Inc., both of which reported earnings of $958,000. Without new projects, both firms will continue to generate earnings of $958,000 in perpetuity. Assume that all earnings are paid as dividends and that both firms require a return of 12 percent a. What is the current PE ratio for each company? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) b. Pacific Energy Company has a new project that will generate additional earnings of $108,000 each year in perpetuity. Calculate the new PE ratio of the company. (Do not round Intermediate calculations and round your answer to 2 decimal places, e.ge 32.16) c. U.S. Bluechips has a new project that will increase earnings by $208,000 each year in perpetuity, Calculate the new PE ratio of the company. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Bock Print References a PE ratio b PE majo C. PE times mes times