The Apple Pie Company had net income of $$47,500$ and earnings per share of $$3\mathrm{.}17.$ Apple Pie declared dividends of $$2$ per share of

common stock during $2022.$ On December $31,2022,$ the stock had a market price of $$18\mathrm{.}50$ per share. Apple Pie's price$/$earnings ratio

is closest to:

Multiple Choice

$9\mathrm{.}25$

$8\mathrm{.}11$

$5\mathrm{.}84$

$0\mathrm{.}17$