XYZ Inc earned net income of $248,120 during the current fiscal year and had 82,710 common shares outstanding throughout the year. Also outstanding all year were $661,650 carrying value of 8.17%-coupon bonds convertible into 21,510 common shares in total. The company's tax rate is 23.75%. Ignoring the IFRS requirement to record the debt and equity components of the bonds separately, what is the company's fully diluted earnings per share? a. $2.92 b. $3.05 c. $2.98 d. $2.85 e. $2.78