Assume that your firm had $7,875,325 of retained earnings on its balance sheet at the end of 2006 and that one year later, at the end of 2007 , the firm had $9,462,825 of retained earnings on its balance sheet. Also assume that during this time the firm had 1,250,000 shares of common stock outstanding and that it paid a dividend of $0.85 per share. Given this information, and assuming that the firm's stock has a price of $17.56 per share, determine the P/E ratio for this firm. 8.78 7.58 9.98 8.28 9.48