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The Cincinnati Chili Kitchen has just announced the repurchase of $105,000 of its stock. The company has 35,000 shares outstanding and earnings per share of

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The Cincinnati Chili Kitchen has just announced the repurchase of $105,000 of its stock. The company has 35,000 shares outstanding and earnings per share of $3.21. The company stock is currently selling for $75.57 per share. What is the price-earnings ratio after the repurchase? Multiple Choice 24.01 times 21.96 times O 22.61 times o 24.48 times 23.54 times

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