Wyoming Industries has fixed operating costs of $550,000, charges a product price of $1.25, has a variable cost ratio of 0.60. The firm has interest expenses of $250,000 and preferred dividends of $20,000. The firm has 80,000 common shares outstanding. The corporate tax rate is 25 percent. What are earnings per share (EPS) if the firm sells 2,000,000 units?

Group of answer choices

$2.53

$2.34

$2.19

$1.92

$1.63