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The Cincinnati Chili kitchen has fust announced the repurchase of $120,000 of its stock. The company has 38,000 shares outstanding and earnings per share of

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The Cincinnati Chili kitchen has fust announced the repurchase of $120,000 of its stock. The company has 38,000 shares outstanding and earnings per share of $3.27. The company stock is currently selling for $7596 per share. What is the price-carnings ratio after the repurchase

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