Your Company has earnings per share net income of $350,000 and it paid out $17,500 in dividends to common shareholders and $10,000 to preferred shareholders. Its weighted-average common shares outstanding are 80,000. Its dividend per share is $0.45, its market price per share is $88, and its book value per share is $76. What is earnings per share?

Group of answer choices

$4.38

$4.16

$4.03

$4.25