Owl Co. has 200,000 common shares, 100,000 common stock options, and 20,000 shares of $100, 5% cumulative preferred stock, all outstanding during 2020.The stock option exercise price is $10 and average market price is $20.Also, in 2020, Owl has net income of $700,000 and declared no dividends. What's 2020DilutedEPS?

Group of answer choices

$2.20

$2.00

$2.50

$2.40

$2.80