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Wich Corp. had additions to retained earnings for the year just ended of $312,834. The firm paid out $214,429 in cash dividends, and it has

Wich Corp. had additions to retained earnings for the year just ended of $312,834. The firm paid out $214,429 in cash dividends, and it has ending total equity of $4,871,346. The company currently has 150,000 shares of common stock outstanding.

If the stock currently sells for $88 per share, what is the price-earnings ratio? (round 4 decimal places)

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