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PEGCOR has a P/E ratio of 18.6. Earnings per share are $2.06, and the expected EPS 5 years from today are $3.33. Calculate the PEG

PEGCOR has a P/E ratio of 18.6. Earnings per share are $2.06, and the expected EPS 5 years from today are

$3.33. Calculate the PEG ratio

To calculate the PEG Ratio, use this formula

Stock's P/E ratio / 3- to 5-year growth rate in earnings

The answer is 1.85 but I can't figure out how they got to that answer.

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