Consider the following information which relates to a given company: 2019 Value $4.4 $8.4 Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share $63.89 Million Million 2.1 $5.81 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 6,15% in the future, or possibly 8.54% for the next 2 years and 6% 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 8.21% to 12.99%. Currently, the risk-free rate is 5.43%. Required: Determine the firm's P/E ratio