The Cincinnati Chili Kitchen has just announced the repurchase of $$185,000$ of its stock. The company has $51,000$ shares outstanding and earnings per share of $$3\mathrm{.}53.$ The company stock is currently selling for $$77\mathrm{.}65$ per share. What is the price$-$earnings ratio after the repurchase?

Multiple Choice

$20\mathrm{.}97$ times