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Reagan Corp. has reported a net income of $801,600 for the year. The company's share price is $12.11, and the company has 300,570 shares outstanding.

Reagan Corp. has reported a net income of $801,600 for the year. The company's share price is $12.11, and the company has 300,570 shares outstanding. Compute the firm's price-earnings ratio up to two decimals.

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