A company has 2 million shares of common stock outstanding. Annual sales are $26 million. The net profit margin is 8% and the dividend payout ratio is 40%. Currently the stock trades at $17.68 per share. Given this information, the company has a P/E ratio of -------- ,and dividend yield of --------

Group of answer choices

16 and 2.35%

16 and 3.20%

17 and 2.35%

17 and 3.20%