Miller's Farm Has 100,000 Shares of Stock Outstanding, Sales of $1,550,000

Miller's Farm has 100,000 shares of stock outstanding, sales of $1,550,000, and net income of $95,000. Financial analysts believe the price-earnings ratio for this firm should be 15.8. Given this information, what is the current stock price?

A) $7.24
B) $8.87
C) $14.65
D) $15.01
E) $16.63