The following data relate to Edger Company 2018 1.08 Earnings per share 0.80 Cash dividends per common share 12.94 Market price per common share 25,380,000 Common share outstanding Total assets 1,264,086.000 Total liabilities 823,758,000 16,600,000 Nonredeemable preferred stock Preferred dividends 4,567,000 Net incomel 32,094,000 Based on these data, compute Price/earnings ratio 11.989 10.9896 12.9896 9