Woops fixing up mistake in EBIT result forgot to add corporate costs:
EBIT: $24.7million
Interest: 8% of $45million = ~$4million
EBT: $20.7million
Less 30% tax: $14.5million
So we have 104million shares on issue, that means earnings of ~14c. So at 47c that means the forward PE equals 3.5ish