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ABC, Inc., has a market-to-book ratio of 3, net income of $84,950, a book value per share of $13.1, and 51,677 shares of stock outstanding.

ABC, Inc., has a market-to-book ratio of 3, net income of $84,950, a book value per share of $13.1, and 51,677 shares of stock outstanding. What is the price-earnings ratio?

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