An analyst researching Blue Ridge Camping has determined that the firm has: o A payout ratio of 75%. o A return on equity (ROE) of 18%. o An earnings per share (EPS) of $5.35. o Sales per share of $342. o Expected earnings/dividends/sales growth of 4.5%. o Shareholders required return of 15%.

The firms justified price to sales ratio (P/S) multiple based on the above fundamentals is ____.