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Consider the following income statement and other information: Hud Corporation Consolidated Income Statement Year ended December 31, 2016 (in $ millions) 2016 2015 Total sales

Consider the following income statement and other information:

Hud Corporation

Consolidated Income Statement

Year ended December 31, 2016 (in $ millions)

2016

2015

Total sales

620.1

578.3

Cost of sales

(500.2)

(481.9)

Gross profit

119.9

96.4

Selling, general, and

administrative expenses

(40.5)

(39.0)

Research and development

(24.6)

(22.8)

Depreciation and amortization

(5.6)

(3.3)

Operating income

49.2

31.3

Other income

---

---

Earnings before interest and taxes (EBIT)

49.2

31.3

Interest income (expense)

(25.1)

(15.8)

Pre-tax income

24.1

15.5

Taxes

(5.5)

(5.3)

Net income

18.6

10.2

Price per share

$20

$15

Shares outstanding (millions)

12.0

10.0

Stock options outstanding (millions)

0.3

0.2

Stockholders' Equity

126.6

63.6

Total Liabilities and Stockholders' Equity

533.1

386.7

Assuming that Hud has no convertible bonds outstanding, then for the year ending December 31, 2016, Hud's diluted earnings per share are closest to:

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