The Crestar Company reported net income of $112,000 on 20,000 outstanding common shares. Preferred dividends total $12,000. On the most recent trading day, the preferred shares sold at $50 and the common shares sold at $95. What is this company's current price-earnings ratio?

a. 19

b. 20

c. None of these answers is correct.

d. 17

Please show your work!