ABC Corporation had net income for 2024 of $42,000. ABC had 16,000 shares of common stock outstanding at the beginning of the year and 14,000 shares of common stock outstanding as of December 31,2024 . During the year, ABC declared and paid preferred dividends of $4,500. Therefore, ABC 's eamings per share for 2024 is $2.50. Assume the market price of ABC's common stock is $12.00 per share. Compute ABC's pricelearnings ratio. Select the formula, then enter the amounts to calculate the company's pricelearnings ratio as of December 31, 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Round the ratio to