National City, a bank holding company, reported a profit margin of $12\%$ and a payout ratio of $50\%.$ The earnings were expected to grow by $6$ percent a year in the long run. The stock had a beta of $1\mathrm{.}25$ and traded for $10$ times earnings. The Treasury bond rate was $7$ percent, and the market risk premium is $4\%.$ Estimate the P$/$S ratio for National City.