Scenario 1 the financial statements and data shown below are to be used for the next three (3) questions. all figures are in millions except the tax rate and the year-end stock price. balance sheet cash $ 140.0 accounts payable $ 800.0 accts. receivable 880.0 notes payable 600.0 inventories 1,320.0 accruals 400.0 total current assets $2,340.0 total current liabilities $1,800.0 long-term bonds 1,000.0 total debt $2,800.0 common stock 200.0 retained earnings 1,000.0 net plant & equip. 1,660.0 total common equity $1,200.0 total assets $4,000.0 total liabilities & equity $4,000.0 income statement net sales $6,000.0 operating costs 5,599.8 depreciation 100.2 ebit $ 300.0 less: interest 96.0 ebt $ 204.0 less: taxes 81.6 net income $ 122.4 other data shares outstanding 60.00 common dividends $42.8 federal plus state income tax rate 40% year-end stock price $30.60 use scenario 1 to answer the question. what is the firm’s p/e ratio?