Excellent Company has 7%, 50,000 non-cumulative preference shares with $150 face value. It has equity shared of 2,00,000 with face value of $10 each. In year 2018, company had net income of $40,00,000 and paid dividend of total $20,00,000. What is the Earnings Per Share for year 2018?

A)$10

B)$7.375

C)$20

D) SOME OTHER NUMBER