Sperle Corporation has provided the following dato concerning its stockholders' equity accounts:

Net income for Year $2$ was $$30,400.$ Dividends on common stock during Year $2$ totaled $$6,400.$ The market price of common stock at the end of Year $2$ was $$3\mathrm{.}08$ per share.

The compony's price$-$earnings ratio for Year $2$ is closest to: $($Round your intermedlate calculations to $2$ decimal places.$)$

Multiple Choice

$5\mathrm{.}70$

$4\mathrm{.}53$

$0\mathrm{.}39$

g$.$n