For the year a corporation has gross profit of $55 million and net profit of $10 million. The following information also pertains:

Preferred Stock 500,000 shares authorized

200,000 shares outstanding

$2.00 dividend per share paid during the year

Common Stock 10 million shares are authorized

5 million shares issued and outstanding

$.10 dividend paid during the year (per share)

What is the EPS for the year?

A. $.96

B. $1.85

C. $1.92

D. $2.00