Chapter $7$: Calculate P$/$E Ratio

Mcdonald's pays a dividend of $$5\mathrm{.}75$ and recently had earnings of $$13\mathrm{.}65.$ The company has an ROE of $17\mathrm{.}7\%.$ Assuming that their discount rate is $12\mathrm{.}8\%,$

what should their LTM P$/$E multiple be$?$

Note: Enter your number with two decimals. That is$,$ if your answer is $20\mathrm{.}284,$

enter $20\mathrm{.}28.$ DO NOT ROUND INTERMEDIATE STEPS! $-->$ Only round the

final answer.

Use the below table if you wish to copy the data into Excel.