A company has the following sequence of events regarding its stock: > The company had 1,000,000 shares outstanding at the beginning of this year. > On May 1, the company sold 400,000 shares of common stock at par. > On July 20, the company declared and issued a 30% stock dividend. > On October 1, the company repurchased 240,000 shares of common stock. The company also reports the following information for this year: Net income is $5,000,000. The company paid $500,000 in preferred dividends. The company paid $600,000 in common dividends. The average market price of their common stock is $60 for this year. > The company had 120,000 stock options outstanding for the entire year, exercisable at $50. In addition, the company had 200,000 shares of preferred stocks, half of which are convertible into 10 shares of common equity each. Assuming a tax rate of 40%, calculate the company's basic EPS and diluted EPS