At January 1, 2019, Tru Inc. granted executive stock options to purchase 30,000 of its common shares at $7 each. The market price of common stock was $16 per share on December 31, 2019, and averaged $14 per share for the year. There was no change in the 170,000 shares of outstanding common stock and 20,000 5% cumulative preferred stock, each with $1 par value, during the year. Net income for the year was $25,000. What is Tru Inc.s diluted EPS for the year 2019 rounded to the nearest cent?

a. $0.15 b. $0.13 c. $0.14 d. $0.17 e. $0.16