You are analyzing a mature company and decided to use multiples to help aid you in valuing the company. You've identified four comparable firms in the same industry whose NTM (Next Twelve Month) P/E ratios are: 8.9, 19.54, 18.05, and 17.24. What is the median NTM P/E ratio that you should use for your valuation multiple?

Group of answer choices

8.90

19.54

17.65

15.93

None of these options are correct