Market Value Ratios Lab R Doors' year$-$end price on its common stock is $$49.$ The firm has a profit margin of $10\mathrm{.}9\%,$ total assets of $$34$ million, a total asset turnover ratio of $2\mathrm{.}40,$ no preferred stock, and there are $4\mathrm{.}4$ million shares of common stock outstanding. What is the PE ratio for Lab R Doors? $($Do not round intermediate steps.$)$

Multiple Choice

$0\mathrm{.}907$

$7\mathrm{.}42$

$24\mathrm{.}24$

$0\mathrm{.}378$