Analyzing a company's financial statements, you determine that it has an ROE of 8.20% and a plowback ratio of 10%. 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 1.00, that the market portfolio has a return of 23.60% and that the market portfolio's risk premium is 15.20%. Using a dividend discounting model, determine the company's trailing P/E Ratio