The average price$-$to$-$earnings ratio $($stock price divided by earnings per share$)$ for a particular industry is $24\mathrm{.}59.$ You are looking to find a reasonable estimate for the stock price of a company in this industry which just announced earnings of $$18$ million, and which has $6\mathrm{.}5$ million shares outstanding. Using a "comparable firms analysis" for this industry, what would be a good estimate for this company's stock price?

A$.$ $$1\mathrm{.}37$

B$.$ $$2\mathrm{.}77$

C$.$ $$8\mathrm{.}88$

$($D$.)$ $$11\mathrm{.}26$

$\frac{18,000\mathrm{.}000}{6,500,000}=\frac{2\mathrm{.}77}{24\mathrm{.}59}=11\mathrm{.}26$

E$.$ $$68\mathrm{.}09$