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

Maris Corporation

Income Statement

Year Ended December $31,20$XX

Sales $$5,100,000$

Cost of goods sold $3,225,000$

Gross profits $1,875,000$

Selling and administrative expense $670,000$

Amortization expense $330,000$

Operating income $875,000$

Interest expense $56,000$

Earnings before taxes $819,000$

Taxes $430,000$

Earnings after taxes $389,000$

Preferred stock dividends $20,000$

Earnings available to common shareholders $$369,000$

Shares outstanding $184,500$

Earnings per share $$2\mathrm{.}00$

Statement of Retained Earnings

For the Year Ended December $31,20$XX

Retained earnings, balance, January $1,20$XX $$880,000$

Add: Earnings available to common shareholders, $20$XX $369,000$

Deduct: Cash dividends declared and paid in $20$XX $200,000$

Retained earnings, balance, December $31,20$XX $$1,049,000$

Comparative Balance Sheets

For $20$XX and $20$XW

December $31,20$XX December $31,20$XW

Assets

Current assets:

Cash $$120,000$ $$108,000$

Accounts receivable $($net$)480,000468,000$

Inventory $610,000583,000$

Prepaid expenses $20,00040,000$

Total current assets $1,230,0001,199,000$

Investments $($long$-$term securities$)120,000125,000$

Plant and equipment $2,400,0001,800,000$

Less: Accumulated amortization $1,091,000761,000$

Net plant and equipment $1,309,0001,039,000$

Total assets $$2,659,000$ $$2,363,000$

Liabilities and Shareholders$$ Equity

Current liabilities:

Accounts payable $$273,000$ $$197,000$

Notes payable $500,000500,000$

Accrued expenses $47,00066,000$

Total current liabilities $820,000763,000$

Long$-$term liabilities:

Bonds payable, $20$XY $170,000100,000$

Total liabilities $990,000863,000$

Shareholders$$ equity:

Preferred stock $120,000120,000$

Common stock $500,000500,000$

Retained earnings $1,049,000880,000$

Total shareholders$$ equity $1,669,0001,500,000$

Total liabilities and shareholders$$ equity $$2,659,000$ $$2,363,000$

If the market value of a share of common stock is $2\mathrm{.}7$ times book value for $20$XX$,$ what is the firm$$s P$/$E ratio for $20$XX$?($Do not round intermediate calculations. Round the final answer to the nearest whole number.$)$

P$/$E ratio

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