Novak Corp. had net income of $1617000 and paid dividends to common stockholders of $404250 in 2022. The weighted average number of shares outstanding in 2022 was 436590 shares. Novak Corp. common stock is selling for $60 per share on the NASDAQ. Novak Corp. price-earnings ratio is

A) 16.2 times.

B) 3.7 times.

C) 8.0 times.

D) 4.0 times.