Lethbridge Heavy Duty Mechanics, Ltd$.$ is a publicly traded company that has $$150$ million of equity and $10$ million common shares issued and outstanding. Net income was $$8$ million for the most recent fiscal year ended and there are no preferred shares outstanding. The company's shares closed at $$16\mathrm{.}50$ on the last trading day. These shares are considered by investors to be:

Select one:

a$.$ Under$-$valued because its $\frac{P}{E}$ ratio is only about $20$:$1$

b$.$ Over$-$valued because firms in this industry typically trade below $$10$

c$.$ Highly value because its market to book ratio is greater than $1$

d$.$ Under$-$valued because its equity position is high at $$150$ million

e$.$ Highly valued because it has not issued any preferred shares