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Rose Water Corp.'s net income last year was $148.70 million. The company has 54.45 million shares outstanding. The companys stock price at the end of

Rose Water Corp.'s net income last year was $148.70 million. The company has 54.45 million shares outstanding. The companys stock price at the end of last year was $123.08. What is the firm's P/E ratio? Round the answer to two decimal places.

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