Front Company Ltd. (FCL) had 100,000 common shares and 5,000 preferred shares issued and outstanding on January 1st. On April 1st, the company reacquired 10,000 of its own common shares. On July 1st, 10,000 preferred shares were issued. On October 1st, 20,000 common shares were issued. FCL reported a net profit of $415,750 for the fiscal year, and declared total dividends of $200,000 of which $110,000 were for the preferred shares. What is FCL's earnings per share (EPS) for the current year?

A) $3.1629

B) $4.2641

C) $3.1359

D) $3.1093