Dock Side Loaders has $12,500$ shares of stock outstanding at a market price of $$51$ each and earnings per share of $$2\mathrm{.}24.$ The firm has decided to repurchase $$62,475$ worth of stock. What will the PE ratio be after the repurchase, all else held constant?

$19\mathrm{.}03$

$20\mathrm{.}54$

$20\mathrm{.}22$

$21\mathrm{.}08$