单选题 Peter Welsh, CFA, gathered the following information from a company's most recent financial statements ( U.S. $ in millions):

Preferred stock	40
Common stock	120
Additional paid-in capital	30
Retained earnings	190
Treasury stock	(55)
Total shareholders' equity	325
Total number of common shares outstanding	10 million
Tax rate	40%

Welsh also determined that the company uses the LIFO inventory method, but most companies in the industry use the FIFO method. The footnotes to the financial statements indicate that if the company had used the FIFO method, the inventory balance would have been $ 50 million higher than the amount reported on the company's most recent financial statements. If the company's common stock is currently selling for $70 per share, the most appropriate price to book value ratio to use in valuing the company is:
A. 2.22. B. 2.03. C. 2.16.