CorpCo gathered the following information at the end of the current fiscal year: Dividends on common stock $125,000 Market price per share of common stock $115.00 Shares of common stock outstanding 5,000 Dividends on preferred stock $65,000 Shares of preferred stock outstanding 600 Earnings per share on common stock $102.00 Dividends per share of common stock $25.00 Net income $575,000 What is CorpCo's price-earnings ratio? Round your answer to one decimal place. 1.13 X