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Please dont answer anymore, not needed and I want my question refunded. Consider...

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Finance

Please dont answer anymore, not needed and I want my question refunded.

Consider Pacific Energy Company and Atlantic Energy, Inc., both of which reported earnings of $969,000. Without new projects, both firms will continue to generate earnings of $969,000 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 $119,000 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.)
c.

Atlantic Energy has a new project that will increase earnings by $219,000 in perpetuity. Calculate the new PE ratio of the firm. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

a.) P/E Ratio _times

b.) P/E Ratio _times

c.) P/E Ratio _times

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