Vaughn Corporation had net income of $2040000 and paid dividends to common stockholders of $299000 in 2017. The weighted average number of shares outstanding in 2017 was 680000 shares. Vaughn Corporation's common stock is selling for $36 per share on the NASDAQ. Vaughn Corporation's price-earnings ratio is O 24 times O 16 times O 12 times O 3 times