On January 2, 2021, Waterway Industries issued at par $1980000 of 8% convertible bonds. Each $1000 bond is convertible into 10 shares of common stock. No bonds were converted during 2021. Waterway had 193000 shares of common stock outstanding during 2021. Waterways 2021 net income was $908000 and the income tax rate was 25%. Waterways diluted earnings per share for 2021 would be (rounded to the nearest penny):

A

$4.70.

B

$4.97.

C

$4.83.

D

$5.27