Phelps Labs has assets of $442,000, current liabilities of $129,000, and long-term liabilities of $120,000. There is $33,900 in preferred stock outstanding: 20,000 shares of common stock have been issued. Earnings available to common shareholders are $32,800. If the firm sells at two times book value per share, what will the P/E ratio be? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) P/E ratio times