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Reagan Corp. has reported a net income of $813,200 for the year. The company's shareprice is $14.00, and the company has320,610 shares outstanding. Compute thefirm's

Reagan Corp. has reported a net income of $813,200 for the year. The company's shareprice is $14.00, and the company has320,610 shares outstanding. Compute thefirm's price-earnings ratio upto two decimal places.

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