A P$/$E multiple could be high relative to the S&P $500$ Index because its high growth rate justifies it$.$ You notice a stock that has an assumed growth rate of $4\mathrm{.}53\%$ with a dividend payout ratio of $47\%$ and a required return of $14\mathrm{.}7\%.$ What is the justified forward P$/$E for this company? State your answer with two decimal places $(13\mathrm{.}21).$