Mabbee Sew Co. currently has 2 million outstanding shares of common stock on the market. It has a net income of $2.5 million and total assets of $800,000. If the company issues 500,000 additional shares of stock to the market, it will increase its assets by $200,000 and its net income by $150,000. What will the dilution to EPS be (if any)?

a. $0.11 gain per share

b. No dilution

c. $0.22 loss per share

d. $0.09 gain per share

e. $0.19 loss per share