A company has net income of $880,000; its weighted-average common shares outstanding are 176,000. Its dividend per share is $1.15, its market price per share is $102, and its book value per share is $97.0. Its price-earnings ratio equals (Do not round your intermediate calculations): A)5.00. B) 20.40. C) 19.40. D) 3.85. E) 6.15. show the calculation please. ty