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Coffee Corner Inc., is evaluating a share repurchase program. They plan to allocate $ 4 2 , 0 0 0 for the buyback. Current earnings

Coffee Corner Inc., is evaluating a share repurchase program. They plan to allocate $

42, 000

for the buyback. Current earnings are $

3.60

per share, and the stock price is $

81 .

There are

5, 000

shares outstanding. Disregarding taxes, what will be Coffee Corner's PE Ratio after the repurchase?

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