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Raegan Corp has reported a net income of $801,800 for the year. The company's share price is $12.76, and the company has $313,180 shares of

Raegan Corp has reported a net income of $801,800 for the year. The company's share price is $12.76, and the company has $313,180 shares of outstanding. Compute the firm's pric- earnings ratio UP TO TWO DECIMAL PLACES.

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