n 2019 Value $6.47 $37.5 Consider the following information which relates to a given company. Item Earnings Per Share Price Per Share (Common Stock) Book Value (Common Stock Equity) Total Common Stock Outstanding Dividend Per Share million $62.31 27 tion million $4.4 Analysts expect that the company could maintain a constant annual growth rate in dividends per share of 5.06% in the future, or possibly 7.2% for the next 2 years and 5.84% thereafter. In addition, it is expected that the risk of the firm, as measured by the risk premium on its stock, to increase immediately from 851% to 1081%. Currently, the risk free rate is 5.17% Required: Determine the firm's P/E ratio (ROUND YOUR ANSWER TO 2 DECIMAL PLACES. FOR EXAMPLE: 17.23)