..I JAWWAL 97% 42:22 PM itc birzeit.edu For its fiscal year-end, Palestine Corporation reported net income of $300 million and a weighted average of 50,000,000 common shares outstanding. There are 3,000,000 convertible preferred shares outstanding that paid an annual dividend of $5. Each preferred share convertible into two shares of the common stock. The diluted EPS is closest to: Select one: O a. $5.01. O b. $5.36. O c. $5.70 O d. $3.70 Next page