For the year, Everglades Corp had 1,750,000 shares of $1 par common stock and 250,000 shares of $10 par preferred stock outstanding In addition, the company had 375,000 employee stock options outstanding the entire year. Each stock option entitles the holder to acquire one share of the company's common stock for \$25. The average market price of the company's common shares has been $150. Using the treasury stock method, what is the denominator in the calculation of diluted earnings per share? 2,125,000 1,437,500 1.750,000 2,062,500