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Assuming Crane Corp. has an ROE of 1 0 % and investors require a 9 % return on shares, estimate the firm's P / E

Assuming Crane Corp. has an ROE of 10% and investors require a 9% return on shares, estimate the firm's P/E ratio and market price given an EPS of $3.00 and a 30% payout ratio. (Round answers to 2 decimal places, e.g.5.25.)
P/E ratio
Market price $
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