Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1 Total assets $1,202,000 $1,164,000 Total liabilities $468,000 $464,000 Total stockholders' equity $736,000 $702,000 Net operating income (income before interest and taxes) $67,963 Interest expense $17,000 The company's times interest earned for Year 2 is closest to:

a. 5.00

b. 3.00

c. 4.00

d. 0.66