An analyst has gathered the following information for the Oudin Corporation:

Expected earnings per share $=5\mathrm{.}66$

Expected dividends per share $=2\mathrm{.}14$

Dividends are expected to grow at $2\mathrm{.}58$ percent per year indefinitely

The required rate of return is $8\mathrm{.}08$ percent

Based on the information provided, compute the price$/$earnings multiple for Oudin

$($Enter your answer as a number with two decimal places, like this: $12\mathrm{.}34)$

An analyst has gathered the following information for the Oudin Corporation:

Expected earnings per share $=5\mathrm{.}66$

Expected dividends per share $=2\mathrm{.}14$

Dividends are expected to grow at $2\mathrm{.}58$ percent per year indefinitely

The required rate of return is $8\mathrm{.}08$ percent

Based on the information provided, compute the price$/$earnings multiple for Oudin

$($Enter your answer as a number with two decimal places, like this: $12\mathrm{.}34)$