Business X has earnings per share Et$=$ $$2\mathrm{.}4$ p$.$a$.$ The constant growth rate of earnings per share and dividends is expected to be g$=4\mathrm{.}2\%$ on an annual basis. Furthermore, the percentage of distributed profits is d$=40\%$ in perpetuity. The required return is R$=9\mathrm{.}2\%.$ What is the PE of the company X in the year t$+1$ based on the theoretical share price.