Rudyard 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 pald to both common and preferred shareholders. Rudyard's effective tax rate is 25% Each share of preferred stock is convertible Into five shares of common stock. What Is Rudyard's diluted EPS (rounded)? Multiple Choice $229 $3.12 5413 $4.40 w