ABC Stores has 19,196 shares outstanding at a market price per share of $39. The EPS is $2.8. The company has decided to repurchase $35,884 worth of shares. After the share repurchase, the price-earnings (PE) ratio will be:

Enter your answer rounded off to two decimal points.

ABC Stores has 19,196 shares outstanding at a market price per share of $39. The EPS is $2.8. The company has decided to repurchase $35,884 worth of shares. After the share repurchase, the price-earnings (PE) ratio will be: Enter your answer rounded off to two decimal points