At 31 May 20X3 Russell plc has a market capitalisation of 13,950,000 with 5,000,000 50p ordinary shares in issue. An extract from the companys income statement at that date is as follows:

	000
Operating profit	2,256
Finance costs	(600)
Profit before taxation	1,656
Tax	(536)
Profit for the year	1,120

What was the companys P/E ratio (to one decimal place) at 31^st May 20X3?