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Reagan Corp. has reported a net income of $849, 600 for the year. The company's share price is $13.25, and the company has 322,920 shares

Reagan Corp. has reported a net income of $849, 600 for the year. The company's share price is $13.25, and the company has 322,920 shares outstanding. Compute the firm's price-earnings ratio upto two deciminal places.

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