Cоmpаny A hаs аn Enterprise Value оf $1,000, an Enterprise Value / NTM Sales оf 10.0x, and an Enterprise Value / NTM EBITDA of 20.0x. Company A has no debt or cash on its balance sheet, D&A is 5% of sales and the tax rate is 25%. What is the implied P/ E multiple for Company A based on NTM Earnings?