Analyzing a company's financial statements, you determine that it has an ROE of 9.20% and a plowback ratio of 20%. You believe that the CAPM is the correct model to estimate the required return on the company's stock. You find that it has a CAPM beta 1.50, that the market portfolio has a return of 24.90% and that the market portfolio's risk premium is 18.30%. Using a dividend discounting model, determine the company's leading P/E Ratio.