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The Cincinnati chili kitchen has just announced the repurchase of 90000 of its stock. The company has 32099 shares outstanding and earnings per share of

The Cincinnati chili kitchen has just announced the repurchase of 90000 of its stock. The company has 32099 shares outstanding and earnings per share of 3.15. The company stock is currently selling for 75.18 per share. What is the price-earnings ratio after the repurchase

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