There are 3 million common and 1 million preferred Kline Inc. shares outstanding. Common shares closed on the TSX November 18 at $80.64 each, after an announcement that net income for the year was $22,500,000, and that a dividend of $2.25 would be paid on common shares and a dividend of $0.90 would be paid on preferred shares. What was Kline's P/E ratio on that date?