Village Investments Ltd has gathered research about the Bahamian fisheries market and industry which has resulted in the following forecasted and data: Fisheries Earnings Retention Rate $40\%$

Fisheries Return on Equity $25\%$

Fisheries Beta $1\mathrm{.}2$

Government Registered Stock Yield $6\%$

Equity Risk Premium $5\%$

Village Investments Ltd$.$ have now tasked you, a recent finance graduate, to calculate the Price to Earnings Ratio for the Bahamian fisheries industry based on this fundamental data.