10. Anvil Corp. had 4,000 non-compensatory stock warrants outstanding for all of 2021. Each stock warrant permits the holder to purchase one share of common stock for $22 per share. The average market price for Anvil's stock during 2021 was $25 per share. When calculating diluted EPS, by how much would the denominator be assumed to increase if these stock warrants were exercised? A. by 7,520 shares B. by 4,000 shares C. by 480 shares D. by 160 shares E. by 3,520 shares