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Firm EFG is growing fast, and will produce earnings of $1.41/share next year. These earnings will grow at 2.6% per year, probably forever. EFG also

Firm EFG is growing fast, and will produce earnings of $1.41/share next year. These earnings will grow at 2.6% per year, probably forever. EFG also has a cost of capital of 8%. What is the firm's P/E ratio?

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