Amphenol has earnings per share of $4.00. It has 6 million shares outstanding and is trading at $40 per share. Amphenol is thinking of buying Littlefuse, which has earnings per share of $1.20, 4 million shares outstanding, and a price per share of $28. Amphenol will pay for Littlefuse by issuing new shares. There are no expected synergies from the transaction. If Amphenol pays no premium to buy Littlefuse, then what is Amphenol's price-earnings ratio after the merger?

12.13

12.04

11.95

12.22

12.31