ComChip is a computer chip manufacturer. Its stock is selling at $50 per share. Estimated earnings next year total $200,000. The company currently has 100,000 shares of common stock outstanding and will pay $20,000 in dividends. What is the firm's P/E ratio?
A) 50.00
B) 45.80
C) 25.00
D) 27.78
E) none of the above