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Reagan corp. Has reported a net income of $ 838,400 for the year. The company's share price is $13.16,and the company has 306,980 shares outstanding.

Reagan corp. Has reported a net income of $ 838,400 for the year. The company's share price is $13.16,and the company has 306,980 shares outstanding. Compute the firm's price earnings ratio up to two decimal places.

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