Calculate the $\frac{P}{E}$ ratio

Baxter has a retention ratio of $51\%,$ a ROE of $16\%,$ and a discount rate of $15\%.$ What is its P$/$E ratio $($assuming the market correctly values the company$)?$

Hint: Remember the earlier class material $($also on slide $43-->$ ROE $*$ retention $=$ growth, Not that this says what the retention ratio is$...$ do you need the retention ratio or something else that can be calculated knowing the retention ratio in the numerator of the P$/$E equation?

Note: Enter your answer with two decimals.