Pinder Ltd is considering a merger with Value Co$,$ which will exchange its $2$ shares for $5$ shares of Value Co$.$ Pinder Ltd$\text{'}$s share price is $$34\mathrm{.}32$ and Value Co's share price is $$11\mathrm{.}98.$ Pinder Ltd$\text{'}$s price$-$earnings ratio is $10\mathrm{.}14,$ and Value Co's price$-$earnings ratio is $5\mathrm{.}34.$ The number of outstanding shares of Pinder Ltd is $482,131,$ and the number of outstanding shares of Value Co is $219,520.$ There is no expected operational synergy after the merger, but Pinder Ltd believes that the value of Value Co is underestimated by the market due to the lack of investor relations management. Once it is included as part of Pinder Ltd$,$ Value Co's business is on the price or P$/$E ratio. The valuation will be $50\%$ higher. Based on the above information only, if Pinder Co$.,$ Ltd$.$ is correct, what is the expected price$-$earnings ratio of the merged company? $($ Round to two decimal places$)$