The balance sheet and income statement shown below are for Recycled Paper Inc. All figures in millions except Year-end stock price. BALANCE SHEET Cash $ 140,0 Accounts payable $ 800.0 Accts, receivable 880.0 Notes payable 600.0 Inventories 1.320.0 Accruals 400 9 Total current assets $2,340.0 Total current liabilities $1,800.0 Long-term bonds 1.000.0 Total debt $2,800.0 Common stock (50,000 shares) 200.0 Retained carings 1,000.0 Net plant & equip 1.6600 Total common equity $1.200.0 Total assets $4,000,0 Total liabilities & equity $4.000.0 INCOME STATEMENT Net sales Operating costs Depreciation $6,000.0 5,599.8 100 2 $ 300.0 EBIT Less: Interest 96 2 EBT $ 204,0 Less: Taxes -_81 Net income 6 $ 1224 60.00 OTHER DATA Shares outstanding Common dividends Federal plus state income tax rate Year-end stock price $42.8 40% $30.60 Use Scenario 1 to answer the question. What is the firm's P/E ratio? 15.0 12.5 17.5 O 10.0 20.0