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Next year, BHH Co . is expected to pay a dividend of $ 2 . 9 5 per share from earnings of $ 4 .

Next year, BHH Co. is expected to pay a dividend of $2.95 per share from earnings of $4.84 per shareThe equity of capital for BHH is 11.9%. What should BHH's forward P/E ratio be if its dividend growth rate is expected to be 3.8% for the foreseeable future? The forward P/E ratio is ( Round to two decimal places.)

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