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A firm has net income of $1 million with 250,000 shares outstanding with a total market value of $10 million. What is its P/E ratio?

A firm has net income of $1 million with 250,000 shares outstanding with a total market value of $10 million. What is its P/E ratio? (Please use or round to 2 decimal places, for example, if your answer is 3.1, enter 3.10, if your answer is 8.0879, enter 8.09)

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