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The companys current price per common share is $32.50 with 132,000 shares outstanding. The P/E ratio for the company is 15.6. Based on this information,

The companys current price per common share is $32.50 with 132,000 shares outstanding. The P/E ratio for the company is 15.6. Based on this information, calculate the companys net income.

Select one:

a. $278,000

b. $276,000

c. $275,000

d. $274,000

e. $277,000

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