Investors in Sassy Sausage require a return of $14\%.$ Its most recent ROE was $11\mathrm{.}25\%,$ which

you expect will be the same in the future. Its most recent earnings per share were $$5\mathrm{.}00,$

which you expect to grow at the same rate as the dividends. The firm's retention ratio is $80\%.$

A$)$ What should the P$/$E ratio of the firm be$?($Hint: You will need to find today's price.$)$