A company has the following market and accounting information. Common shares outstanding = Common cash dividend ($ /sh) = Preferred stock outstanding = Preferred cash dividend ($ /sh) = 2,500,000 $ 0.25 100,000 5.00 $ Last year, net income = Total assets = Total liabilities = Preferred stock = $ 6,850,000 78,000,000 32,000,000 5,000,000 Common stock price ($ /sh) = $ 45.00 What is the company's price-to-earnings ratio? O a. 16.40 O b. 12.20 O c. 10.80 O d. 2.74