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TR Corp. has reported a net income of $788,665 for the year. The company's share price is $16, and the company has 418,249 shares outstanding.
TR Corp. has reported a net income of $788,665 for the year. The company's share price is $16, and the company has 418,249 shares outstanding. Compute the firm's price-earnings ratio. Round your final answer to the nearest two decimals if needed
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