Assume a company provided the following information:

Net income $ $72,000$

Number of common shares outstanding, beginning of the year $45,000$

Number of common shares outstanding, end of the year $55,000$

Market price per share $ $15$

Dividends per share $ $0\mathrm{.}50$

Total assets, end of the year $ $200,000$

Total liabilities, end of the year $ $80,000$

The price$-$earnings ratio is closest to:

Multiple Choice

$9\mathrm{.}42.$

$10\mathrm{.}42.$

$8\mathrm{.}42.$

$7\mathrm{.}42.$