Panza Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2010. The weighted average number of shares…

Panza Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2010. The weighted average number of shares outstanding in 2010 was 50,000 shares. Panza Corporation’s common stock is selling for $40 per share on the New York Stock Exchange. Panza Corporation’s price-earnings ratio is