Rose Water Corp.’s net income last year was $156.54 million. The company

Question: Rose Water Corp.’s net income last year was $156.5…

Rose Water Corp.’s net income last year was $156.54 million. The company has 118.33 million shares outstanding. The company’s stock price at the end of last year was $97.31. What is the firm’s P/E ratio? Round the answer to two decimal places.