Presented below is information reported by Sunland Ltd. for its past two fiscal years:

		Dec 31, 2024		Dec 31, 2023
Common shares		$74000		$59970
6% preferred shares, no par value, non-cumulative		356000		356000
Retained earnings (post closing)		90000		74000
Net income for year		59970		31000

On December 31, 2024, there were 9000 common shares outstanding trading at $15/share. The preferred dividend was paid. No common shares have been bought or sold during the year. What is the price earnings ratio in 2024?