XYZ Inc., a very successful USC start-up, had 10 million shares outstanding on average during 2022. During 2022, the company reported ROA of 16%, Equity Multiplier of 1.3x, ROE of 20%, the addition to retained earnings was $12 million and dividends of $8 million were paid. What are Troy's EPS and payout ratios?

a. $0.80 and 1.2X

b. $1.20 and 60%

c. $5.00 and 0.40

d. $2.00 and 40%

e. none of the above are within 20%