Burckel Corporation had 240,000 shares of common stock and 24,000 shares of 6%,$100 par convertible preferred stock outstanding during the year. Net income for the year was $680,000 and dividends were paid to both common and preferred shareholders. Burckel's effective tax rate is 25%. Each share of preferred stock is convertible into five shares of common stock. What is Burckel's diluted EPS (rounded)? Multiple Choice $258 $1.89 $3.43 $380