Raksakul Corporation had 140,000 shares of common stock and 14,000 shares of 7%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $480,000 and dividends were paid to both common and preferred shareholders. Raksakul's effective tax rate is 25%. Each share of preferred stock is convertible into five shares of common stock. What is Raksakuls diluted EPS (rounded)? 15)______ A)$3.12 B)$2.29 C)$4.40 D)$4.13