Foxhound Corp reported net income of $720,000 for the year ended December 31, 2019. Foxhound had 100,000 common shares outstanding as of January 1st, 2019; 24,000 fully vested (as of 2013) stock options (each option allows for one common share at a $50 exercise price); Foxhound bought back 20,000 common shares on October 1st, 2019. The average market price of the shares throughout the year was $60 per share. Which of the following is the Diluted EPS for Foxhound at the end of 2019? (Round to the nearest penny)

a $7.20

b 7.27

c 6.05

d 7.58