XYZ Inc. reported net income of $2,000,000 in 2020. XYZ has 80,000 shares of 5%, $20 par value cumulative preferred stock. XYZ also has 30,000 shares of 5%, $10 par value noncumulative preferred stock. Given that XYZ has 200,000 common shares outstanding, and no dividends have been declared, what is XYZ's basic EPS? $7.45 O $10.00 $9.53 $9.60