For its fiscal year-end, Brighter World Limited, a manufacturer of personal computers, reported net income of $800 million and a weighted average of 80,000,000 common shares outstanding. At the moment, there's a total of 4,000,000 convertible preferred shares outstanding that paid an annual dividend of $8.

Given that each preferred share is convertible into two shares of the common stock, the diluted EPS is closest to: Select one: a. $9.09 b. $8.40 c. $1.80