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5. Problem 3-04 (Price-Earnings Ratio) eBook Price/Earnings Ratio Reno Revolvers has an EPS of $1.60, a free cash flow per share of $3.60, and a

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5. Problem 3-04 (Price-Earnings Ratio) eBook Price/Earnings Ratio Reno Revolvers has an EPS of $1.60, a free cash flow per share of $3.60, and a price/free cash flow ratio of 5.0. What is its P/E ratio? Do not round intermediate calculations. Round your answer to two decimal places

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