Brent's Kitchen Design Company has provided the following financial information pertaining to the current year of operations: Net Income $495,000 Preferred Share Dividends Declared $75,000 Common Share Dividends Declared $150,000 Weighted Average Common Shares Outstanding 210,000 Market price per share $12.00 What would be Brent's price/earnings ratio for the current year? Select answer from the options below 4 times 5 times 6 times 7 times