Crow Ltd. reported net income of $780,000 in 2023 and had 300,000 common shares outstanding throughout the year. Also, outstanding all year were 60,000 (written) options to purchase common shares at $11 per share. The average market price for the common shares during the year was $16 per share. Calculate the diluted earnings per share (round to 2 decimal places). a. $2.45 b. $2.60 c. $2.17 d. $2.89