The annual report of Classic Cars, Inc. for the year ended December 31, 2007, included the following items (in millions) Preferred stock outstanding, 4% $500 Net income 990 Number of shares of common stock 200 Compute earnings per share (EPS) and the price earnings ratio for Classic Cars' stock. Round to the nearest cent. The price of a share of Classic Car stock is $77.60 how much does the stock market say $ 1 nof classic Car's net income is worth