During 2024, Farewell Incorporated had 518,000 shares of common stock and 59,000 shares of 6% cumulative preferred stock outstanding. The preferred stock has a par value of $100 per share. Farewell did not declare or pay any dividends during 2024 Fareweli's net income for the year ended December 31,2024 , was $4.3 million. The income tax rate is 25%. Farewell granted 28,000 stock options to its executlves 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 $47 per share. The options vest after one year. The market price of the common stock averaged $48 per share during 2024. What is Farewell's diluted earnings per share for 2024 , rounded to the nearest cent? Multiple Crolce 5812 $7.62 $7.45 Cannot determine from the given information