During 2021, Farewell Inc. had 508,000 shares of common stock and 54,000 shares of 4% cumulative preferred stock outstanding. The preferred stock has a par value of $100 per share. Farewell did not declare or pay any dividends during 2021 Farewell's net income for the year ended December 31, 2021, was $3.3 million. The income tax rate is 15% Farewell granted 18,000 stock options to its executives on January 1 of this year Each option gives its holder the right to buy 20 shares of common stock at an exercise price of $37 per share. The options vest after one year. The market price of the common stock averaged $38 per share during 2021 What is Farewell's diluted earnings per share for 2021, rounded to the nearest cent? Multiple Choice Cannot determine from the given information, $6.38 O $5.96 $607