An analyst has gathered the following information for the Oudin Corporation: Expected earnings per share = 5.49 Expected dividends per share = 2.13 Dividends are expected to grow at 2.53 percent per year indefinitely The required rate of return is 7.74 percent Based on the information provided, compute the price/earnings multiple for Oudin (Enter your answer as a number with two decimal places, like this: 12.34)