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Reagan Corp. has reported a net income of $830,900 for the year. The company's share price is $13.61, and the company has 316,020 shares outstanding.

Reagan Corp. has reported a net income of $830,900 for the year. The company's share price is $13.61, and the company has 316,020 shares outstanding. Compute the firm's price-earnings ratio up to two decimal places.

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