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	$6,000,000
Cost of goods sold	4,150,000
Gross profits	1,850,000
Selling and administrative expense	760,000
Amortization expense	280,000
Operating income	810,000
Interest expense	55,000
Earnings before taxes	755,000
Taxes	380,000
Earnings after taxes	375,000
Preferred stock dividends	30,000
Earnings available to common shareholders	$345,000
Shares outstanding	143,750
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	345,000
Deduct: Cash dividends declared and paid in 20XX	150,000
Retained earnings, balance, December 31, 20XX	$1,115,000

Comparative Balance Sheets For 20XX and 20XW
	December 31, 20XX			December 31, 20XW
Assets
Current assets:
Cash		$120,000			$103,000
Accounts receivable (net)		570,000			558,000
Inventory		540,000			505,000
Prepaid expenses		29,000			58,000
Total current assets		1,259,000			1,224,000
Investments (long-term securities)		120,000			125,000
Plant and equipment	2,600,000			2,000,000
Less: Accumulated amortization	1,053,000			773,000
Net plant and equipment		1,547,000			1,227,000
Total assets		$2,926,000			$2,576,000
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable		$425,000			$352,000
Notes payable		500,000			500,000
Accrued expenses		56,000			64,000
Total current liabilities		981,000			916,000
Long-term liabilities:
Bonds payable, 20XY		190,000			100,000
Total liabilities		1,171,000			1,016,000
Shareholders equity:
Preferred stock		140,000			140,000
Common stock		500,000			500,000
Retained earnings		1,115,000			920,000
Total shareholders equity		1,755,000			1,560,000
Total liabilities and shareholders equity		$2,926,000			$2,576,000

If the market value of a share of common stock is 2.5 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