A PNP transistor (β = 120, V_{EB} = 0.7 V) is biased from V_{CC} = −18 V: R₁ = 47 kΩ from the supply to the base, R₂ = 10 kΩ from the base to ground, R_{C} = 2.4 kΩ from the collector to the supply and R_{E} = 1.1 kΩ from the emitter to ground. Using the approximate method, find V_{CE} (answer in V, with sign).