The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year $2$ Year $1$ Total current assets $$612,307$ $$588,071$ Total investments $62,08954,061$ Total property, plant, and equipment $904,864775,793$ Total current liabilities $116,22384,912$ Total long$-$term liabilities $289,084237,544$ Preferred $9\%$ stock, $$100$ par $82,57282,572$ Common stock, $$10$ par $583,486583,486$ Paid$-$in capital in excess of par$-$common stock $61,23061,230$ Retained earnings $446,665368,181$ Using the balance sheets for Kellman Company, if net income is $$101,536$ and interest expense is $$44,503$ for Year $2,$ and the market price of common shares is $$35,$ what is the price$-$earnings ratio on common stock for Year $2($rounded to two decimal places$)?$ a$.9\mathrm{.}75$ b$.8\mathrm{.}95$ c$.21\mathrm{.}74$ d$.1\mathrm{.}61$