Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XX and 20XW of Maris Corporation:

Maris Corporation Income Statement Year Ended December 31, 20XX
Sales	$5,900,000
Cost of goods sold	4,075,000
Gross profits	1,825,000
Selling and administrative expense	750,000
Amortization expense	270,000
Operating income	805,000
Interest expense	54,000
Earnings before taxes	751,000
Taxes	370,000
Earnings after taxes	381,000
Preferred stock dividends	30,000
Earnings available to common shareholders	$351,000
Shares outstanding	146,250
Earnings per share	$2.40

Statement of Retained Earnings For the Year Ended December 31, 20XX
Retained earnings, balance, January 1, 20XX	$920,000
Add: Earnings available to common shareholders, 20XX	351,000
Deduct: Cash dividends declared and paid in 20XX	150,000
Retained earnings, balance, December 31, 20XX	$1,121,000

Comparative Balance Sheets For 20XX and 20XW
	December 31, 20XX			December 31, 20XW
Assets
Current assets:
Cash		$120,000			$103,000
Accounts receivable (net)		560,000			548,000
Inventory		530,000			509,000
Prepaid expenses		28,000			56,000
Total current assets		1,238,000			1,216,000
Investments (long-term securities)		120,000			125,000
Plant and equipment	2,600,000			2,000,000
Less: Accumulated amortization	1,041,000			771,000
Net plant and equipment		1,559,000			1,229,000
Total assets		$2,917,000			$2,570,000
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable		$421,000			$343,000
Notes payable		500,000			500,000
Accrued expenses		55,000			77,000
Total current liabilities		976,000			920,000
Long-term liabilities:
Bonds payable, 20XY		190,000			100,000
Total liabilities		1,166,000			1,020,000
Shareholders equity:
Preferred stock		130,000			130,000
Common stock		500,000			500,000
Retained earnings		1,121,000			920,000
Total shareholders equity		1,751,000			1,550,000
Total liabilities and shareholders equity		$2,917,000			$2,570,000

If the market value of a share of common stock is 2.2 times book value for 20XX, what is the firms P/E ratio for 20XX? (Do not round intermediate calculations. Round the final answer to the nearest whole number.)

P/E ratio times