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The market capitalization rate on the stock of Aberdeen Wholesale Company is $11\%.$ Its expected ROE is $12\%,$ and its expected EPS is $$8.$ If the firm's plowback ratio is $65\%,$ its $\frac{P}{E}$ ratio will be

Multiple Choice

$3125$

$10\mathrm{.}94$

$23\mathrm{.}90$