Analyzing a company's financial statements, you determine that it has an ROE of 6.90% 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 1.30, that the market portfolio has a return of 22.80% and that the market portfolio's risk premium is 14.70%. Using a dividend discounting model, determine the company's trailing P/E Ratio