Next year, BHH Co$.$ is expected to pay a dividend of $$3\mathrm{.}03$ per share

from earnings of $$5\mathrm{.}09$ per share. The equity cost of capital for BHH is

$12\mathrm{.}31\%.$ What should BHH$\text{'}$s forward P$/$E ratio be if its dividend

growth rate is expected to be $3\mathrm{.}93\%$ for the foreseeable future?

BHH$\text{'}$s forward P$/$E ratio should be

$($Round to two

decimal places.$)$