Consider the following information which relates to a given company: Item 2019 Value $3.9 $4.3 Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $63.31 Million 2.5 Million $5.75 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 6.34% in the future, or possibly 8.39% for the next 2 years and 6.89% 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 8.26% to 12.91%. Currently, the risk-free rate is 5.1%. Required: Determine the firm's P/E ratio. (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)