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.