Next$$ year, BHH Co$.$ is expected to pay a dividend of $$$$3\mathrm{.}05$ per share from earnings of $$$$4\mathrm{.}81$ per share. The equity cost of capital for BHH is $12\mathrm{.}21\%.$ What should BHH$\text{'}$s forward$$ P$/$E ratio be if its dividend growth rate is expected to be $3\mathrm{.}69\%$ for the foreseeable$$ future?

Question content area bottom

Part $1$

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

$$

enter your response here. $($Round to two decimal$$ places.$)$