During 2021, Farewell Inc. had 510,000 shares of common stock and 55,000 shares of 5% 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 $3.5 million. The income tax rate is 20%. Farewell granted 20,000 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 $39 per share. The options vest after one year. The market price of the common stock averaged $40 per share during 2021. What is Farewell's diluted earnings per share for 2021, rounded to the nearest cent?

Choices are

6.20

Cant be determined from given info

6.32

6.73