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A corp has reported a net income of $837,200 for the year. The company's share price is $12.16, and the company has 322,560 shares outstanding.

A corp has reported a net income of $837,200 for the year. The company's share price is $12.16, and the company has 322,560 shares outstanding. Compute the firm's price-earnings ratio upto two decimal places.

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