b. It is 2 June 2022. Gain Ltd has a market capitalisation rate of 19%. Over 2022, its return on equity (ROE) is expected to be 13% and its Earnings per share (EPS) is predicted to be $3.60. If the firm's plowback ratio is 30%, what will be its P/E (current or theoretical market share price to expected EPS) ratio? (Show the ratio as a number correct to 2 decimal places.) 5 Marks