A company reported an EPS of $2.50 last year and paid a divide d of $1 per share. Its current stock price is $40. Analysts estimate next year EPS to be $3 and the payout ratio to be 40%. The trailing P/E ratio of this stock is ______ 

a) 40x 

b) 16x 

c) 13.3x 

d)33.3x