An analyst has gathered the following information for the Oudin Corporation:

Expected earnings per share = €5.70 Expected dividends per share = €2.70 Dividends are expected to grow at 2.75 percent per year indefinitely The required rate of return is 8.35 percent Based on the information provided, the price/earnings multiple for Oudin is closest to:

A. 5.7.

B. 8.5.

C. 9.4.