The balance sheets at the end of each of the first two years of operations indicate the following:

Kellman Company

Line Item Description Year $2$ Year $1$

Total current assets $$608,929$ $$564,148$

Total investments $61,01245,066$

Total property, plant, and equipment $886,939703,052$

Total current liabilities $104,06388,158$

Total long$-$term liabilities $281,767245,108$

Preferred $9\%$ stock, $$100$ par $92,27292,272$

Common stock, $$10$ par $582,067582,067$

Paid$-$in capital in excess of par$-$common stock $63,41463,414$

Retained earnings $433,297241,247$

Using the balance sheets for Kellman Company, if net income is $$109,378$ and interest expense is $$43,372$ for Year $2,$ and the market price of common shares is $$42,$ what is the price$-$earnings ratio on common stock for Year $2($rounded to two decimal places$)?$

a$.10\mathrm{.}17$

b$.1\mathrm{.}74$

c$.24\mathrm{.}14$

d$.10\mathrm{.}65$