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Bach Corp. had additions to retained earnings for the year just ended of $340,000. The firm paid out $130,000 in cash dividends, and it has

Bach Corp. had additions to retained earnings for the year just ended of $340,000. The firm paid out $130,000 in cash dividends, and it has ending total equity of $6.7 million. The company currently has 190,000 shares of common stock outstanding and the stock currently sells for $85 per share.What is the PE ratio?

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