At the end of a year, a company had a market price of $$65\mathrm{.}86$ per share, earnings per share of $$3\mathrm{.}40,$ and dividends per share of $$1\mathrm{.}20.$ Net income for the year was $$725,000$ and $100,000$ shares of common stock were outstanding. Its price$-$earnings ratio is:

a$)9\mathrm{.}08.$

b$)54\mathrm{.}86.$

c$)2\mathrm{.}83.$

d$)19\mathrm{.}37.$

e$)5\mathrm{.}28.$