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Investors in Rance Electric's stock require a return of 5.8%. If the company simply earns the cost of capital on its new investments, what is the stock's P/E? (Round your answer to 2 decimal place.) Stock P/E ratio Investors in Rance Electric's stock require a return of 5.8%. If the company simply earns the cost of capital on its new investments, what is the stock's P/E? (Round your answer to 2 decimal place.) Stock P/E ratio