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The market capitalization rate (required return) on the stock of SMBC Company is 12%. Its expected ROE is 15%, and its expected EPS is $4.

The market capitalization rate (required return) on the stock of SMBC Company is 12%. Its expected ROE is 15%, and its expected EPS is $4. The firm's plowback ratio is 48%. What should be the firm's P/E ratio? Enter your answer in percent to 2 decimal places. For example, enter 14.45 for 14.45%.

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