A 2 0 2 0 EPS Individual Effect Cascade L O 2 0 2 2 0 3 The Birch Corp has the following items i n its capital structure a t 3 1 December 2 0 X 7 the end o f the fiscal year a Options t o purchase 4 4 0 0 0 0 common shares were outstanding for the entire period The exercise price i s 1 9 5 0 per share The average common share price during the period was 4 4 b Preferred shares 3 annual dividend cumulative n o par convertible into common shares a t the rate o f 6 shares o f common for each preferred share 7 4 0 0 shares were outstanding for the whole year c 3 0 4 million par value o f 6 debentures outstanding for the entire year Debentures are convertible into 4 common shares for each 1 0 0 bond Interest expense o f 2 8 9 0 0 0 was recognized during the year d Preferred shares 4 annual dividend cumulative n o par convertible into common shares a t the rate o f 2 shares o f common for each one preferred share 4 4 0 0 shares were outstanding for the entire year N o dividends were declared i n 2 0 X 7 o n these shares e 8 0 4 million par value o f 6 5 debentures outstanding for the entire year Debentures are convertible into a total o f 5 6 0 0 0 0 common shares Interest expense o f 6 6 4 0 0 0 was recognized during the year Required Calculate the individual effect for diluted EPS for each o f the above items The tax rate i s 4 0 2 decimal places and other answers t o the nearest dollar amount 1 7 2 1 4 0 0 0 0 0 2 2 2 0 0 1 7 6 0 0 7 9 0 0 0 0 discontinued operations gain o f 1 2 0 9 5 0 0 0 0 7 9 0 0 0 0 and EPS for net earnings o f 7 9 0 0 0 0 Calculate diluted EPS and show how i t would b e presented o n the statement o f comprehensive income R o u n d the final answers t o the 2 decimal places Answer i s complete but not entirely correct