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 Cost of goods sold $4,200,000 2,550,000 Gross profits Selling and administrative expense Amortization expense 1,650,000 580,000 249,000 Operating income Interest expense 830,000 47,000 Earnings before taxes Taxes 783,000 480,000 Earnings after taxes 303,000 Preferred stock dividends 40,000 Earnings available to common shareholders $263,000 Shares outstanding Earnings per share 131,500 $2.00 Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20xx Add: Earnings available to common shareholders, 29xx Deduct: Cash dividends declared and paid in 20xx $860,000 263,000 150,000 Retained earnings, balance, December 31, 20xx $973,000 Comparative Balance Sheets For 20xx and 20XW December 31, 20XX December 31, 20XW Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses $120,000 580,000 520,000 33,000 $105,000 568,000 497,000 66,000 Total current assets Investments (long-term securities) Plant and equipment Less: Accumulated amortization 1,253,000 100,000 1,236,000 109,000 2,200,000 1,009,000 1,800,000 769,000 Net plant and equipment Total assets 1,191,000 1,031,000 $2,544,000 $2,376,000 Liabilities and Shareholders' Equity Current liabilities: Total assets $2,544,000 $2,376,000 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses $283,000 500,000 38,000 $256,200 500,000 60,000 Total current liabilities Long-term liabilities: Bonds payable, 2eXY 821,000 816,000 150,000 100,000 971,000 Total liabilities Shareholders' equity: Preferred stock Common stock Retained earnings 916,000 100,000 500,000 973,000 100,000 500,000 860,000 Total shareholders' equity Total liabilities and shareholders' equity 1,573,000 1,460,000 $2,544,000 $2,376,000 If the market value of a share of common stock is 2.4 times book value for 20XX, what is the firm's P/E ratio for 20XX? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) P/E ratio times