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Blue firm's expected EPS in the upcoming year is $3.50. Blue firm's payout ratio is 35% and the ROE of its future projects is 14.25%.

Blue firm's expected EPS in the upcoming year is $3.50. Blue firm's payout ratio is 35% and the ROE of its future projects is 14.25%. The appropriate discount rate for the company is 9.50%. What is Blue firm's PE ratio?

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