Cullumber Inc. had net income for $2023$ of $$6,285,000.$ The company had $2,300,000$ of common shares outstanding throughout the year. During $2023,$ Cullumber paid dividends on the common shares of $$0\mathrm{.}10$ per share. Average common shareholder equity was $$39,100,000,$ and the market value of the shares on December $31,2023$ was $$22$ per share.

Cullumber Inc. also had $84,000$ shares outstanding of cumulative, $$5,$ no$-$par value preferred shares. The shares were outstanding for the full year, and dividends had been kept current for the past several years.

Calculate the following ratios for Cullumber Inc.: $($Round answers to $2$ decimal places, e$.$g$.25\mathrm{.}15$ or $25\mathrm{.}15\%.$ Round earnings per share to $3$ decimal places for intermediate calculations, e$.$g$.1\mathrm{.}253.)$

$($a$)$ Rate of return on common shareholders' equity

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$($b$)$ Payout ratio

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$($c$)$ Price earnings ratio

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