ABC Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2017. The weighted average number of shares outstanding in 2017 was 60,000 shares. ABC Corporation's common stock is selling for $76 per share on the New York Stock Exchange. ABC Corporation's price-earnings ratio is A) 22.8 times B) 12.7 times. C) 3.2 times. D) 19 times