Consider the following information which relates to a given company: 2019 Value $9.7 $4.8 Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $60.83 Million 2.1 Million $4.7 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 6.03% in the future, or possibly 8.54% for the next 2 years and 6.44% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 8.76% to 12.98%. Currently, the risk-free rate is 5.65%. Required: Determine the firm's P/E ratio. (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)