Spincic Corporation has provided the following data. Common stock, $2 par value Net operating income Net income before taxes Net income Year 2 Year 1 $ 200,000 $ 200,000 $ 66,769 $ 50,769 $ 33,000 The market price of common stock at the end of Year 2 was $4.13 per share. The company's price-earnings ratio for Year 21 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0.52 6.16 12.52 8.10