You observe the following for Stocks J and K: Stock Stock Price Net Income (camnings) Shares Outstanding $35.00 $2.818 1,000 K $32.00 $1,920 800 Stock J and K are in the same industry and you expect they will have similar growth and risk profiles going forward. Based solely on each stock's P/E ratio (Price / Earnings Per Share), which stock would you consider undervalued and why? Stock K. It's P/E ratio is lower. Neither. The P/E ratios are the same. Stock K. It's P/E ratio is higher. Stock J. It's P/E ratio is lower. Stock J. It's P/E ratio is higher