Next year, BHH Co$.$ is expected to pay a dividend of $$3\mathrm{.}12$ per share from earnings of $$4\mathrm{.}98$ per share. The equity cost of capital for $BHH$ is $12\mathrm{.}3\%.$ What should $BHH\text{'}$s

forward $\frac{P}{E}$ ratio be if its dividend growth rate is expected to be $4\mathrm{.}2\%$ for the foreseeable future?

The forward P$/$E ratio is

$($Round to two decimal places.$)$